Large metals and commodities trader Traxys announced on Monday that its management and a pool of investment firms would acquire 100% of its shares.
The deal is expected to be closed in May after regulatory approvals, its value is undisclosed.
The company’s сurrent owners include funds managed by global investment firm Carlyle and affiliates of Louis M. Bacon, the founder of Moore Capital Management.
The new owners of Traxys, apart from its management, include market maker Optiver, a global market maker, investment firms CoLift, Regent Mercantile Holdings Limited and LOM Financial Group.
ING and Ducera Partners were the financial advisors for Traxys in the deal. Jones Day acted as legal advisor to CoLift, Clifford Chance for Optiver, and Fasken Martineau DuMoulin LLP for Regent Mercantile Holdings. Wachtell, Lipton, Rosen & Katz acted as the legal advisor to Carlyle.
Why it matters:
“The increasing demand for raw materials to address the global energy transition serve the booming Electric Vehicle and Battery Storage markets and meet the needs of a growing global middle class coupled with structural underinvestment in raw material production markets underpin the opportunities for Traxys,” Traxys CEO Mark Kristoff said, commenting on the deal.
Traxys’ in-depth knowledge of the commodities markets backed by Optiver’s financial strength and expertise in financial derivatives trading will create better synergies for both, he added.
Luxembourg-headquartered Traxys employs over 450 people, its annual turnover exceeds USD 10 billion. 
