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.