CVC puts online trading platform Oanda up for sale
Founded in 1995, Oanda was bought by CVC Capital in 2018 and is now being sold by bankers at Nomura and Santander, Sky News has learnt.
Sunday 14 July 2024 15:04, UK
Oanda Global Corporation, the online retail trading platform, has been put up for sale by its private equity backers.
Sky News has learnt that the company, which is a rival to the likes of CMC Markets and IG Group, is being marketed by bankers at Nomura and Santander.
Money latest: Best supermarket wines for under £10
Oanda has been owned by CVC Capital Partners, the Amsterdam-listed buyout firm, since 2018.
Read more on Sky News:
British Gas owner in talks to find new chairman
Carpetright takes step towards collapse
Be the first to get Breaking News
Install the Sky News app for free
Its valuation in a potential sale was unclear this weekend.
The company offers trading in foreign exchange, equities, commodities, and cryptocurrencies.
Headquartered in Asia, it has a presence in the UK, US, and Japan, and serves customers in more than 120 countries.
Keep up with all the latest news from the UK and around the world by following Sky News
Tap hereWith more than 100,000 active traders, it is expected record revenues this year of about $175m (£138m).
Oanda was founded in 1995 and has become a prominent player in the sector, which has boomed in recent years.
Other financial investors are expected to consider offers for the company.
CVC declined to comment.