Traxys, a leading global trader in metals and natural resources, today announced a share exchange. Traxys management, together with Optiver, a global market maker, CoLift, an investment company, and a group of investors active in mining and natural resources led by Regent Mercantile Holdings Limited and LOM Financial Group, will acquire all of the shares in Traxys held by funds managed by affiliates of global investment firm Carlyle (NASDAQ: CG) and Louis M. Bacon, founder of Moore Capital Management, LP. Traxys' management will increase the share ratio. Financial terms have not yet been disclosed. The transaction is expected to close in May 2023, following receipt of regulatory and other approvals.
"Increasing demand for raw materials and structural underinvestment in raw material production markets to address the global energy transition, serve the emerging Electric Vehicle and Battery Storage markets, and meet the needs of the growing global middle class, reinforces the opportunities for Traxys," said Mark Kristoff, Chief Executive Officer of Traxys.
"We are pleased to be an investor in Traxys, a global commodity trading firm playing a critical role in the renewable energy transformation," said Jan Boomaars, CEO of Optiver.