Oanda Global Corporation, a leading online retail trading platform, is reportedly up for sale by its private equity backers. According to sources, Nomura and Santander have been hired as bankers to market the company, which is a competitor to well-known firms such as CMC Markets and IG Group.
The company has been owned by CVC Capital Partners, a buyout firm listed in Amsterdam, since 2018. While the exact valuation for a potential sale is unknown at this time, Oanda has established itself as a major player in the industry. It offers trading services for foreign exchange, equities, commodities, and cryptocurrencies to customers in over 120 countries. With its headquarters in Asia and a strong presence in the UK, US, and Japan, Oanda boasts a customer base of more than 100,000 active traders.
Amidst the recent boom in the trading sector, Oanda is expected to report record revenues of approximately $175 million (£138 million) this year. The company, founded in 1995, has gained widespread recognition and success in the industry.
Sources reveal that other financial investors are also expected to express interest in acquiring Oanda. When approached for comment, CVC declined to provide a statement. This news comes amidst other developments in the financial world, including British Gas owner’s search for a new chairman and Carpetright’s potential collapse. For more information on these stories and other financial news, visit our website.
