Darby exits South Korea’s Leadcorp

Based in Seoul, Leadcorp distributes petroleum products and operates a highway rest area concession facility.

Darby Asia Mezzanine Fund II (DAMF II) first invested in Leadcorp in 2007 in the form of senior secured notes and common shares, ramping up the company's consumer finance business. It made follow-on investments through senior-secured notes in 2010 and 2011.

The fund - which launched in 2005 and has total equity and debt capital commitments of $254 million - targets investments in high growth, mid-sized companies in Asia.

"We are excited about the success of the Leadcorp investment, the fifth exit from the DAMF II portfolio. Leadcorp represents another example of the investment potential for growth capital for businesses in Asia," David Hudson, senior managing director of Darby Asia, said in a statement.

Franklin Templeton Investments provides investment management services under its subsidiaries including Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The group has more than $870 billion in assets under management as the end of November.

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• Topics
• North Asia
• Exits
• Financials
• South Korea
• Franklin Templeton
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• Financial Services