Darby Private Equity Provides US$30 Million in Financing to Abengoa Peru (Latin America)

Source(s): Abengoa, LexLatin | Author(s): Erika Hidalgo

Darby Private Equity, the private equity and mezzanine arm of Franklin Templeton Investments, has provided up to US$30 million in long-term debt financing to the Peru-based subsidiary of Abengoa, a Spain-listed infrastructure developer. Darby invested through Darby Latin American Private Debt Fund III. Abengoa Peru plans to use the funding to pay outstanding debts and develop new energy projects domestically.