Private equity firm CVC Capital Partners, via its CVC Asia Fund IV, has announced that it has entered into an agreement for the sale of Retail FX and CFDs broker OANDA Global Corporation to prop trading firm FTMO Group.
The terms of the transaction, which is subject to customary regulatory approvals, were not disclosed.
We had reported in mid 2024 that CVC was putting OANDA up for sale, and had engaged investment bankers to find a buyer and help negotiate a sale of the company.
CVC acquired OANDA in 2018, at a reported value of $175 million.
Headquartered in the Czech Republic, FTMO is a retail prop trading firm – or more formally a provider of educational and training services, offering its customers an opportunity to test and develop their trading and risk management skills. FTMO…
Read More
