March 14 Traxys Group said that private equity
firm Carlyle Group and affiliates of Louis M. Bacon and
Traxys management had agreed to buy a majority stake in the
Luxembourg commodity firm for an undisclosed sum.
Carlyle, Bacon and Traxys management are buying the stake
from private equity firm Pegasus Capital Advisors, Kelso & Co
and Resource Capital Funds.
Traxys provides marketing, distribution and supply chain
management to the metals and natural resources sector. Traxys
also makes direct investments in infrastructure assets and
Carlyle, which has $189 billion in assets under management
across 118 funds, will provide equity for the acquisition from
its U.S. Equity Opportunity Fund.
Louis Bacon is the founder and principal investment manager
of New York-headquartered Moore Capital, a private investment
management firm that invests in the global financial markets and
private equity markets.
Morgan Stanley was the financial adviser to Traxys
for the deal.