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Traxys Group to be acquired by Carlyle Group LP and Louis Bacon

Thursday, 13 Mar 2014 04:07pm EDT 

Carlyle Group LP:Says together with affiliates of Louis M. Bacon and principal investment manager of Moore Capital Management, LP, have agreed to acquire a majority interest in the Traxys Group.Traxys management will increase its investment stake in the company.Transaction is subject to customary closing conditions including required regulatory approvals and is expected to close in the third quarter of 2014.Says the company, Bacon and Traxys management are acquiring their stake from Pegasus Capital Advisors, Kelso & company and Resource Capital Funds. 

Company Quote

0.35 +1.19%
23 Oct 2014