CVC Capital Partners is putting Oanda Global Corporation, a well-known online retail trading platform, up for sale. The sale process is being managed by bankers from Nomura and Santander, as reported by Sky News.
CVC, an Amsterdam-based buyout firm, acquired Oanda in 2018. Oanda offers trading services in foreign exchange, equities, commodities, and cryptocurrencies. The company is headquartered in Asia and has a strong presence in the UK, US, and Japan, serving customers in over 120 countries.
Oanda boasts more than 100,000 active traders and is projected to achieve record revenues of approximately $175 million (£138 million) this year. The sale of Oanda marks a significant move for CVC Capital Partners in the financial services sector.
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