A group of investors completed the acquisition of Traxys from Carlyle and Louis M. Bacon.

A group of investors, including Traxys’ management, Optiver, CoLift and Regent Mercantile Holdings, completed the acquisition of Traxys, a global physical trader and merchant in metals and natural resources, from Carlyle and Louis M. Bacon, the founder of Moore Capital Management. Financial terms were not disclosed. “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,” Mark Kristoff, Traxys CEO.