UK news outlet Sky News is reporting that Retail FX and CFDs broker OANDA is being actively shopped by private equity firm CVC Capital. CVC acquired OANDA in 2018, at a reported value of $175 million.
Sky News states that CVC has hired investment banking firms Nomura and Santander to oversee the sale. Nomura and Santander are apparently actively marketing OANDA to potential acquirors.
OANDA has been run by CEO Gavin Bambury, based out of London, since 2019. Without giving sources, Sky News reported that OANDA is expecting Revenues this year of about $175 million.
OANDA being put on the block makes the M&A market in the FX and CFDs business a little more crowded. Earlier this year we reported that Copenhagen based broker Read More