Carlyle teams with Moore Capital founder Bacon for Traxys stake


coal-mine-2_sqUS private equity giant Carlyle has teamed up with Moore Capital Management founder Louis Bacon to pick up a majority stake in metals and minerals commodity merchant Traxys Group.

Traxys management will also increase its stake in the business through the deal, which is expected to close in the third quarter of 2014.

Carlyle, Bacon and Traxys management are picking up their stakes from Pegasus Capital Advisors, Kelso & Company and Resource Capital Funds.

David Stonehill, Carlyle managing director, said, “We are impressed by the diverse, global capabilities of Traxys and the growth potential of the platform.

“We have known Alan, Mark and the Traxys team for several years and look forward to supporting the team in its next phase of growth.”

Equity capital for Carlyle’s investment in Traxys will come from Carlyle’s US Equity Opportunity Fund.

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