The CEE-focused arm of Franklin Templeton, Darby Private Equity, has sold its interest in Turkish agricultural machinery manufacturer Hisarlar to Indian tractor maker Mahindra Group as part of a $19m transaction.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio