67.5 Crore invested in SFO Technologies by Franklin Templeton PE Arm
Bangalore: Franklin Templeton Asset Management (India) (FT India) announced that its private equity arm has invested 
67.5 crore in SFO Technologies, a part of the Kochi based NeST group. Franklin Templeton Private Equity Strategy (FTPES), a private equity portfolio managed by FT India and advised by Darby Asia Investors (India), has made the investment, reports VCC.
The investment is part of 166.5 crore raised by the company from three private equity investors including FTPES for providing growth capital as well as exit to the existing investor. The company had earlier raised capital from India Value Fund Advisors.
SFO is one of the largest electronic manufacturing services (EMS) players in India focused on low volume, high mix products in emerging segments such as healthcare, automotive and industrial. It provides services across the entire spectrum including design, manufacturing and embedded software development.
FTPES is a private equity investment vehicle which is mainly being raised from high net worth individuals in India. FTPES makes selective investments in high growth, mid-sized unlisted companies in India - in areas such as infrastructure, manufacturing, and consumer goods, and in related sectors, the release said.
Franklin Templeton manages assets worth about $733 billion as of April 30, 2011. Darby India is an affiliate of Darby Overseas Investments, the private equity arm within Franklin Templeton Investments group. Across emerging markets private equity and infrastructure, it has over $2.6 billion in cumulative committed capital. In India, Darby has invested in firms like Amalgamated Bean Coffee Trading, Bhoruka Power Corporation and Career Point Info systems.
67.5 crore in SFO Technologies, a part of the Kochi based NeST group. Franklin Templeton Private Equity Strategy (FTPES), a private equity portfolio managed by FT India and advised by Darby Asia Investors (India), has made the investment, reports VCC.
The investment is part of 166.5 crore raised by the company from three private equity investors including FTPES for providing growth capital as well as exit to the existing investor. The company had earlier raised capital from India Value Fund Advisors.
SFO is one of the largest electronic manufacturing services (EMS) players in India focused on low volume, high mix products in emerging segments such as healthcare, automotive and industrial. It provides services across the entire spectrum including design, manufacturing and embedded software development.
FTPES is a private equity investment vehicle which is mainly being raised from high net worth individuals in India. FTPES makes selective investments in high growth, mid-sized unlisted companies in India - in areas such as infrastructure, manufacturing, and consumer goods, and in related sectors, the release said.
Franklin Templeton manages assets worth about $733 billion as of April 30, 2011. Darby India is an affiliate of Darby Overseas Investments, the private equity arm within Franklin Templeton Investments group. Across emerging markets private equity and infrastructure, it has over $2.6 billion in cumulative committed capital. In India, Darby has invested in firms like Amalgamated Bean Coffee Trading, Bhoruka Power Corporation and Career Point Info systems.