CVC Capital Partners Puts Oanda Up for Sale

CVC Capital Partners, the private equity owners of Oanda Global Corporation, has listed the company on the market. Oanda Global Corporation is a well-known online retail trading platform.

Nomura and Santander bankers are overseeing the transaction. CVC has owned Oanda, a competitor to industry heavyweights such as IG Group and CMC Markets, since 2018. However, the valuation details of the prospective transfer remain uncertain.

Among the trading services offered by Oanda are foreign exchange, equities, commodities, and cryptocurrencies. The company is headquartered in Asia, but it has a substantial presence in the United States, the United Kingdom, and Japan, servicing consumers in more than 120 countries. With over 100,000 active traders, Oanda expects to generate approximately $175 million (£138 million) in revenue this year.

Established in 1995, Oanda has emerged as a significant participant in the trading sector, which has experienced significant growth in recent years. Other financial investors are anticipated to demonstrate interest in purchasing the company due to its established market position.

CVC Capital Partners, which is listed in Amsterdam, has not issued any statements concerning sales transactions. The decision to sell Oanda is a significant milestone in the trading platform's voyage, as it may allow for future development and new ownership.