M&A Deal Summary

Optiver and CoLift Acquire Traxys

On February 6, 2023, private equity firms Optiver and CoLift acquired metals/mining company Traxys from The Carlyle Group and Edgewood Holdings

Acquisition Highlights
  • This is Optiver’s 1st and CoLift’s 1st transaction in the Metals/Mining sector.
  • This is Optiver’s 1st and CoLift’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2023-02-06
Target Traxys
Sector Metals/Mining
Buyer(s) Optiver
CoLift
Sellers(s) The Carlyle Group
Edgewood Holdings
Deal Type Secondary Buyout
Advisor(s) Ducera Partners (Financial)

Target

Traxys

Strassen, Luxembourg
Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

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Buyer(S) 2

DESCRIPTION

Optiver is a trading company focused on a variety of assets and markets. In addition to its trading activity, Optiver looks to make direct investments in financial technology companies and platforms. Optiver was founded in 1986 and is headquartered in Amsterdam, the Netherlands.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Luxembourg) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Pyth Network

Baar, Switzerland

Pyth Network connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere. Pyth Network is based in Baar, Switzerland.

Buy -
DESCRIPTION

CoLift is a private equity firm focused on investments supporting sustainability. The Firm typically commits $50 to $500 million per transaction to support buyouts, growth financings, distressed situations, family business transitions, and industrial carve-outs. CoLift was founded in 2021 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Luxembourg) 1 of 1
Year (2023) 1 of 1

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 465 of 480
Sector (Metals/Mining) 5 of 5
Type (Secondary Buyout) 112 of 117
Country (Luxembourg) 3 of 3
Year (2023) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Dynamic Precision Group

Stuart, Florida, United States

DPG was created to build a platform of leading independent manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines. DPG has acquired TurboCombustor Technology, Paradigm Precision and certain facilities from Unison Engine Components, a subsidiary of GE Aviation.

Sell -
SELLER

Edgewood Holdings

Vero Beach, Florida, United States

Investor


Category Family Office
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Edgewood Holdings LLC is a private equity firm that seeks investments in companies worldwide. Edgewood focuses on the sectors in transportation/logistics, bulk commodities/energy, petrochemicals/refining, water/agriculture, Commercial activity in fine art and film, and Real Estate. Edgewood Holdings LLC was formed in 2001 and is based in Vero Beach, Florida.


DEAL STATS #
Overall 2 of 3
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Luxembourg) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 WestWater Research

Boise, Idaho, United States

WestWater Research is an advisory firm in the water rights industry. WWR specializes in water transaction advisory services, water right valuations and appraisals, marketing services, water resource economics, and water investment services. WestWater Research is based in Boise, Idaho.

Sell -