Carlyle, Moore Chief Buy Commodities Firm

Mar 14 2014 | 12:36pm ET

The Carlyle Group and Moore Capital Management founder Louis Bacon have struck a deal to take control of commodities trader Traxys Group.
 
Terms of the agreement were not disclosed. Carlyle and Bacon will buy a controlling stake from Traxys’ current owners—Pegasus Capital Advisors, Kelso & Co. and Resource Capital Funds—while the firm’s management will also increase its stake in the Luxembourg-based firm. The deal is expected to close in the third quarter.
 
Carlyle will pay for its share using its $1.1 billion smaller companies fund.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of