CEE - Darby closes EUR 300m Central Europe mezzanine fund

Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has closed its Darby Converging Europe Mezzanine Fund (DCEMF) with total capital commitments of EUR 248m. After the expected refinancing of a EUR 65m bridge loan, the final size of the fund will exceed EUR 300m. The fund will be the largest dedicated source of mezzanine finance in Central and Eastern Europe.