Darby Private Equity, the private equity arm of Franklin Templeton Investments, has acquired a majority interest in Latvia-based construction and industrial equipment rental company Storent Holding. Darby’s investment will be used by Storent, which currently operates 23 rental depots across Latvia, Lithuania and Estonia, to develop its equipment fleet and increase market share in its core Baltic markets. Financial details of the transaction, which was structured through Darby Converging Europe Fund III, were not disclosed.