Darby Private Equity Invests in Uruguay-Based Grupo Bioerix (Latin America)
Source: Darby Overseas Investments
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested in Uruguay-based pharmaceutical and medical products supplier Grupo Bioerix. Financial details of the transaction, which was structured through Darby Latin American Mezzanine Fund II, were not disclosed. Bioerix imports and distributes technology, equipment and supplies for medical use. The company intends to use the new capital to consolidate its position in the Uruguayan healthcare industry and to introduce new products.