- Oanda Global Corporation up for sale
- Owned by CVC Capital since 2018
- Bankers: Nomura, Santander marketing it
Oanda, founded in 1995, was acquired by CVC Capital in 2018 and is now sold by bankers from Nomura and Santander.
Oanda Global Corporation, an online retail trading platform, has been placed up for sale by its private equity investors.
Bankers at Nomura and Santander are marketing the company, which competes with CMC Markets and IG Group.
Oanda has been owned by CVC Capital Partners, an Amsterdam-listed buyout firm, since 2018.
Its value on a prospective sale was unknown this weekend.
The company trades foreign exchange, stocks, commodities, and cryptocurrency.
It is headquartered in Asia, with offices in the United Kingdom, the United States, and Japan, and services consumers in over 120 countries.
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With over 100,000 active traders, revenues will likely reach $175 million (£138 million) this year.
Oanda was created in 1995 and has emerged as a significant player in the sector, which has experienced rapid growth in recent years.
Other financial investors are anticipated to make proposals for the company.
