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Darby Private Equity invests in Brazil’s Alta Rail Technology

9 May 2013

Emerging markets investor Darby Private Equity has invested $15m in Alta Rail Technology (ART), a Brazil-based supplier of railroad technology products and services.

The investment, via the firm’s Darby Latin American Mezzanine Fund II.

ART combines the business of three Brazilian rail technology providers, ALL Rail Technology, previously belonging to publicly traded Brazilian railroad ALL – América Latina Logística, Daiken Ferroviária and Engesis Engenharia e Sistemas.

Richard Frank Jr, Darby’s managing director responsible for DLAMF II, said, “We are very pleased to have concluded this investment in ART as it reinforces Darby’s longstanding commitment to investing in the region and specifically in Brazil. We are attracted to ART because of its strong industry leadership in emerging markets, its successful track record of developing innovative solutions for its clients in Brazil and abroad, as well as the favorable outlook for the rail sector worldwide.”

Darby, the private equity arm of Franklin Templeton Investments, has previously made 12 investments in Latin America through its Darby Latin American Mezzanine Fund I.

Just this week the firm agreed to exit its equity and mezzanine holdings in Turkish bottled water and beverage manufacturers Sirma as part of a strategic sale of a majority interest in Sirma to Danone.

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