Darby Divests Its Holding in Grupo Financiero Improsa in Costa Rica (Latin America)

Source: Darby Overseas Investments

Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has announced the exit of its holding in Grupo Financiero Improsa, a Costa Rican financial institution. Darby first invested in the company in 2000 through the Darby ProBanco I Fund, a specialized financial sector fund focused on Latin America. The divestment marks the final exit for the fund. Financial details of the transaction were not disclosed.