Darby India Advises Franklin Templeton for Investment in Leading Test Preparation Company
Career Point is one of the largest and most successful competitive examination preparation companies in India, engaged in coaching for admission to IITs, NITs and other engineering colleges and universities. It has operations in 29 cities through a mix of company run as well as franchisee operations. The funds will be used for expanding its existing operations and entering into other areas of education.
About Franklin Templeton Private Equity Strategy
FTPES is a private equity investment product offered to high net worth individuals in India and closed in 2008 with total capital commitment of Rs 6300 million (US$147 million*). The objective of FTPES is to make selective investments in high growth, mid-sized unlisted companies in India -- in areas such as infrastructure, manufacturing, and consumer goods, and in related sectors.
Darby Overseas Investments Limited is the private equity arm of Franklin Templeton Investments, and is a premier investment manager in emerging markets private equity and infrastructure investing with over $2.6 billion assets under management.
Darby was founded in 1994 by The Honorable Nicholas F. Brady, who served as U.S. Secretary of the Treasury between 1988 and 1993. Richard Frank joined the firm as CEO in 1997 after his career at the IFC/ World Bank. In 2003 Darby became a fully owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments.
* As on Portfolio commencement date
Franklin Templeton Institutional, part of Franklin Templeton Investments, provides global and domestic investment management solutions managed by the Franklin Global Advisers, Templeton, Franklin Templeton Fixed Income, Franklin Templeton Real Estate Advisors, Darby and Mutual Series investment management teams. Franklin Templeton Investments, based in San Mateo, California, has more than 60 years of investment experience and over US$451 billion in assets under management as of June 30, 2009.
About Career Point Infosystems Ltd (“Career Point”)
Career Point is a pioneer in the engineering entrance test preparation segment of the fast growing Indian test preparation market. It has an established track record of over 15 years and has built a brand in the engineering test preparation market. Since inception, Career Point has grown significantly to reach a size of ~ 24,000 enrollments last year. Over 29 learning centers, a large talent pool of qualified and experienced faculty members comprising of IITians and NITians from renowned engineering colleges in India combined with a wide variety of courses offered, places Career Point in a strong position in the test preparation market. It also has to its credit a huge content repository comprising of over 8000 pages of content for IIT-JEE, 7000 pages content for AIEEE. Career Point has now embarked upon an aggressive expansion plan of giving new shape to the traditional classroom model, using technology as a tool and venturing into other related training segments. This will enable Career Point to deliver high quality content across the nation. To become a complete learning solution provider, Career Point is now entering into Kindergarten to Grade-12 (K-12 School) and higher education (university) space.
Darby 개요
Darby Overseas Investments Limited는 Franklin Templeton Investments의 사모 펀드 담당 회사로 26억 미국 달러의 자산을 운용하는 신흥시장 사모 펀드 및 인프라 투자 분야의 주요 투자관리 회사이다. Darby는 1994년에 1988년에서 1993년까지 미국 재무장관을 지낸 Nicholas F. Brady가 설립했다. Richard Frank 가 IFC/ World Bank에서의 경력을 끝으로 1997년 CEO로 동사에 합류했다. 2003년, Darby는 Franklin Templeton Investments로 운영되는 글로벌 투자 관리 조직인 Franklin Resources, Inc. (NYSE: BEN)의 완전 자회사가 되었다.
웹사이트: http://www.darbyoverseas.com
연락처
Heather Hickson
+1 202-872-0500
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2010년 4월 29일 15:23