Consortium of investors buys out Carlyle’s majority stake in Newgen Knowledge Works Private Limited

India - Franklin Templeton Private Equity Strategy (“FTPES”), Aureos South Asia Fund (“ASAF”), and ePlanet Capital (“ePlanet”) have together acquired the entire stake held by First Carlyle Ventures III (“FCVIII” or “Carlyle”) in Chennai-based publishing services provider Newgen. FCV III, an affiliate of the global alternative asset manager The Carlyle Group, held a majority stake in Newgen through an investment in 2004. Financial details were not disclosed. Newgen was founded in India in 1996 by Mr. Prabhakar Ram and has grown consistently since. The company provides outsourced publishing services to many of the world’s largest and most prestigious publishers, particularly in the USA, the UK, and Europe. It offers a complete project management service for books and journals, taking on key processes such as author liaison, development editing, copyediting, design, artwork and permissions, typesetting/composition, XML creation, ebook delivery, and backlist conversions. Clients can choose between production centers in India and in the USA. Newgen also owns a subsidiary in the UK, Global Publishing Solutions, which provides high-end software solutions for clients who require in-house automation of the documentation/publishing process. FTPES is a private equity investment product offered to high net worth individuals in India. FTPES is managed by Franklin Templeton Asset Management (India) Private Limited ("FT India") and advised by Darby Asia Investors (India) Private Limited ("Darby India"). Darby India is an affiliate of Darby Overseas Investments, Ltd. (“Darby”), the private equity arm within Franklin Templeton Investments group and a premier investment manager in emerging markets private equity and infrastructure investing with over $2.6 billion in cumulative committed capital. Franklin Templeton has over 60 years of investment experience in international markets with presence in 30 countries with approximately US$736 billion of assets under management globally as on May 31, 2011. Aureos Capital is a private equity fund management company which specialises in providing expansion and buy-out capital to small and medium sized businesses across Asia, Africa and Latin America. Since its establishment in 2001, Aureos has increased its funds under management to over US$ 1.3 billion and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 17 regional private equity funds. ePlanet Capital (formerly known as ePlanet Ventures) pioneered the development of a truly global venture and growth capital business model. Established in 1999, ePlanet Capital, together with its affiliate fund, has assets under management of over USD 750 million. ePlanet consists of a team of more than 30 professionals across the globe in offices located in Beijing, Bangalore, Seoul, London and Silicon Valley. ePlanet has made over 100 investments across the globe since inception, including success stories such as Baidu, Skype, Focus Media and Hisoft, with an aggregate market value of over $40 billion.