On February 6, 2023, Traxys Group (“Traxys”), a leading global physical trader and merchant in metals and natural resources, announced a change of ownership. Traxys’ Management, together with Optiver, CoLift, and an investor group led by Regent Mercantile Holdings Limited (“Regent Mercantile”) and LOM Financial Group, will acquire all of the interests in Traxys held by funds managed by global investment firm Carlyle (NASDAQ: CG) and affiliates of Louis M. Bacon, the founder of Moore Capital Management, LP. The transaction is expected to close in May 2023 following receipt of regulatory and other approvals.
Regent Mercantile is a privately-owned Bermuda-based company investing in a wide range of asset classes. It has financed numerous mining ventures in diverse commodities including potash, gold, uranium, copper, iron ore and lithium.
Fasken Partner Krisztián Tóth acted as legal advisor to Regent Mercantile with respect to this acquisition.