Forex and CFDs Broker OANDA On The Market

CVC Capital Partners has put OANDA, a well-known name in the forex and contracts for different brokerage industries, on the market. CVC Capital Partners, an Amsterdam-listed private equity firm, wants to sell the brokerage firm.

Even though there haven’t been any official announcements, the retail brokerage is being promoted by the bankers at Santander and Nomura. These financial institutions are handling the marketing efforts to find potential buyers for the broker.

OANDA Has Chosen Not To Disclose Any Information Regarding The Ongoing Sale

The terms and financial specifics of the deal is not disclosed.The press approached OANDA to get verification, but the firm refused to comment. OANDA opted not to share information or make any statements on the issue.

OANDA is a well-known retail brokerage brand that helps trade in foreign exchange, stocks, commodities, and cryptocurrencies. As a major brokerage organization, OANDA makes a wider spectrum of trading services available to its customers.

The company operates in the United Kingdom, the United States, Japan, and other countries. It is one of the few licensed brokerages authorized to provide retail margin forex trading services in the US.

OANDA Has Diversified Its Operations

The broker has broadened its operations in recent years to include trending areas such as funded trading and prop trading. Earlier this year, it introduced its prop trading services, marking itself an early entrant into this new market. However, it has operated these services through its offshore entity based in the British Virgin Islands.

With a user base exceeding 100,000 active traders, OANDA projects to reach a milestone revenue of around $175 million this year. OANDA was bought by CVC Capital Partners Asia Fund in 2018, which was considered one of the largest brokerage deals in the industry during that period.

Besides OANDA, many other brokers seek new ownership or consider becoming publicly traded. Recently, there have been reports that Saxo is exploring a complete or partial sale, valued at up to 2 billion euros, following an unsuccessful attempt to go public.

Meanwhile, ThinkMarkets and eToro still need to finalize their agreements with SPACs to enter the stock market. Another major move in the brokerage sector involves CAPEX.com and NAGA Group combining their business operations.

CVC Capital is a prominent global private equity and investment advisory firm with its headquarters in Luxembourg. It was founded in 1981 by three partners, namely Rolly van Rappard, Donald Mackay, and Smith.