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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...