Traxys Management, Optiver and partners acquire all interests in Traxys Group
Traxys Management, Optiver, and other investors acquire all interests in Traxys Group held by Carlyle Group and affiliates of Louis M. Bacon. The introduction of Optiver, a global market maker for various exchange-listed financial instruments, as a significant shareholder, strengthens Traxys’ global leadership position in the energy transition metals supply chain.
Traxys acquires Cometals division of Commercial Metals Company
The acquisition of Cometals significantly expanded Traxys industrial minerals trading franchise. Cometals, which is fully integrated into Traxys, services many leading U.S. and European manufacturing companies. Traxys subsequently expanded its aluminum, nickel, tin and specialty metals trading teams in the U.S., Europe and Asia.
Traxys acquires Metmar Limited in South Africa
The addition of Metmar’s trading expertise and investment portfolio enhanced Traxys’ presence in Sub-Saharan Africa.
The Carlyle Group and affiliates of Louis M. Bacon acquire majority interest from Pegasus, Kelso and RCF
In 2014, global alternative asset manager The Carlyle Group (NASDAQ: CG), together with affiliates of Louis M. Bacon, the founder, Chairman, Chief Executive Officer and principal investment manager of Moore Capital Management, L.P., acquired a majority interest in Traxys from Pegasus, Kelso and RCF. Traxys management increased its investment stake in the company as part of the acquisition transaction.
Molycorp acquisition and IPO
In 2008, Traxys along with its private equity partners Pegasus and RCF acquired Molycorp, the owner of Mountain Pass Mine, the only rare-earth mining and processing facility in the United States. Traxys and its partners subsequently sponsored the public offering of Molycorp in 2010. Traxys sold substantially all of its interests in Molycorp by 2013.
Resource Capital Funds becomes a shareholder partner
Resource Capital Funds (RCF), a Colorado-based mining-focused alternative investment firm, joined as a shareholder, enhancing Traxys’ investment capability in the mining and mineral sectors.
Traxys formed with the merger of Considar and Sogem’s trading division
In 2003, Arcelor and Umicore sold a majority stake in Considar and Sogem to the management of Traxys in a buyout sponsored by two pre-eminent private equity firms, Pegasus Capital Advisors and Kelso & Company, forming Traxys. Arcelor’s and Umicore’s remaining stakes in Traxys were subsequently acquired in 2007 and 2008.
Hochschild Partners is merged with Considar
Considar acquired Hochschild Partners LLC and its significant zinc and lead activity.
Considar founded when Continental Metals is sold to Arbed
As a division of Arcelor International, Considar specialized in serving the steel industry through the sourcing of ferro-alloys and other specialty metals, focused primarily on the North American market.
Continental Metals founded
Continental Metals was founded by Alan Docter, the current Chairman of Traxys.
With its roots dating back to 1919, Sogem was previously owned by Umicore Marketing Services operated as a marketing, distribution and trading group involved mainly in base metals and concentrates serving markets in Europe, Africa and Asia.