News Column

United States : The Carlyle Group and Louis Bacon Complete Acquisition of Traxys Group

August 26, 2014

Global alternative asset manager The Carlyle Group, together with affiliates of Louis M. Bacon, the founder, Chairman, Chief Executive Officer and principal investment manager of Moore Capital Management, LP, recently completed the previously announced acquisition of a majority interest in the Traxys Group, a physical metals and minerals commodity merchant, logistics and trading firm. As part of the transaction, Traxys management has increased its investment stake in the company.

Carlyle, Louis Bacon and Traxys management acquired their stake from Pegasus Capital Advisors, Kelso & Company and Resource Capital Funds. Equity capital for Carlyle s investment came from Carlyle s U.S. Equity Opportunity Fund L.P.

Alan Docter, Chairman of Traxys, and Mark Kristoff, CEO of Traxys, said, We are excited to have the support of Carlyle and Louis Bacon as we embark on this next chapter of growth and development as a firm.

David Stonehill, Carlyle Managing Director, said, Traxys s talented team, proven business model and attractive market environment provide fertile ground for continued product development and global expansion.

Traxys is a provider of marketing, distribution and supply chain management services to the metals and natural resources sectors. The company also provides value-added services to commodity producers and consumers including logistics, offtake, hedging, financing and distribution. In addition, Traxys pursues opportunistic, direct investments in infrastructure assets and commodity producers that complement its core business activities. Morgan Stanley served as financial advisor to Traxys.

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Source: TendersInfo (India)

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