Darby Overseas Investments, Ltd. is a private equity firm specializing in expansion and development capital, acquisitions, growth capital, middle-market, industry consolidation, recapitalization, replacement capital, mezzanine investments, restructuring, buyouts and buyins of mid-sized companies. The firm is also involved in fixed income securities. It primarily invests in the consumer products and services, specialty retail, distribution, packaging, manufacturing, hotel management, financial services, media, and publishing sectors. The firm also invests in infrastructure, specifically transportation, energy, telecommunications, waste management, sanitation, and water treatment. It seeks to invest in emerging markets of Latin America, Central and Eastern Europe with a focus on Poland, the Baltics, and Ukraine, Asia, United States, Brazil, and Hispanic markets. The firm makes equity investments with a four to six year time horizon in companies where majority control, shared control, or an influential minority stake can be acquired. It typically invests between €6 million ($7.30 million) and €14 million ($17.05 million). The firm will also consider investments in publicly traded equities when an influential position in the management of an attractive company can be established. It was founded in 1994 and is based in Washington, District of Columbia with additional offices across North America, South America, Europe, and Asia. Darby Overseas Investments, Ltd. operates as a subsidiary of Franklin Resources Inc.