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OANDA bought out by CVC Capital Partners

The forex broker OANDA will come under new ownership as shareholders accepted an offer for from a wholly-owned subsidiary of CVC Capital Partners (CVC) Asia Fund IV to acquire all of the outstanding equity. The deal is pending regulatory approval.


Vatsa Narasimha, CEO of OANDA, commented:


“I am excited by the change in ownership and the next phase of OANDA’s development. OANDA is a consumer-focused business and the management team has an ambitious strategic and product plan to drive value over the next five years, focusing on both organic and inorganic growth. This strategy is wholly supported by our new owners.”


OANDA is a well-established forex broker, founded in 1995, which has constantly provided innovative trading tools. Moreover they are one of the few companies which offer retail forex trading in the US, as the country’s regulatory requirements are very specific and most other players have chosen to avoid the market altogether.


CVC Capital Partners is a globally oriented private equity and investment advisory firm, founded in 1981. CVC has secured commitments of over $110 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages c.$70 billion of assets. Today, funds managed or advised by CVC are invested in 61 companies worldwide, employing c.270,000 people in numerous countries.


A private equity investment firm is one which traditionally specializes in buying companies, with the intention of improving the business and later selling them, for a profit. The process usually takes years and there are no indications of the exact plans for OANDA. Given CVC’s recent acquisition of Paysafe, the company behind the leading online payment systems Skrill and Neteller, it’s not that hard to imagine a certain level of integration between the services.

TAGS: oanda  acquired  cvc  cvc capital partners 

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