Darby Private Equity, the private equity arm of Franklin Templeton Investments, ARX Equity Partners, a private equity investor focused on mid-sized companies in CEE, and food industry executive Gerard Lenihan have completed the buyout of Hungary-based manufacturer and bottler of nonalcoholic beverages Gramex 2000. The transaction was structured through Darby Converging Europe Fund III and ARX CEE III. Darby, ARX and Lenihan intend to grow Gramex in the coming years via regional expansion. Financial details of the transaction were not disclosed.