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Darby Private Equity exits Leadcorp

18 Dec 2013

Korea flagFranklin Templeton Investments’ private equity arm Darby has sold its stake in Korean consumer finance business Leadcorp on the KOSDAQ Market of Korea Exchange.

The firm first invested in Leadcorp via its Darby Asia Mezzanine Fund II in 2007, providing funds for the expansion of the company’s consumer finance business.

It then made follow-on investments in Leadcorp’s of senior-secured notes in 2010 and 2011.

Darby Asia managing director Simon Sham said, “Leadcorp is a leading Korean consumer finance company with a prudent lending policy.

“We are pleased to have had the opportunity to provide the company with long-term growth capital, which allowed it to expand its consumer finance business in the face of substantial market volatility during the past few years.”

Earlier this year Darby invested in Brazil-based railroad technology products and services supplier Alta Rail Technology.

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