Darby Acquires a Majority Stake in Acrecent (Latin America)

Source: Darby Overseas Investments

Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has made an investment in Puerto Rico-based commercial finance company Acrecent Financial Corporation for a majority control position. The transaction was structured through Darby ProBanco Fund II. The investment will allow Acrecent to expand further in Central America, with a particular focus on offering financing alternatives to medium-sized businesses. Financial details of the transaction were not disclosed.