CVC Capital Partners has agreed to acquire all outstanding equity of OANDA Global Corporation, an online retail trading platform.
The investment will be made through CVC’s Asia Fund IV, which closed in 2014 with a capital pool of $3.4bn. Following the deal, OANDA will continue to be led by current CEO Vatsa Narasimha.
Founded in 1995, OANDA is an online retail trading platform, currency data and analytics company. The platform supports clients with the trading of currencies, equity indices, commodities, treasuries and precious metals. Users can get started instantly without the need of a minimum deposit and ensure the deals meet the necessary global compliance requirements.
Its solution is available on desktops, mobile and its Metatrader 4 solution, which enables automated trading and customisable indicators and charts. The company also supports global money transfers for businesses and individuals, using its exchange rates API.
OANDA chairman Kittu Kolluri said, “Over the years, OANDA has built an exceptional platform with proven scalability to meet all the demands of the company’s growing global client base.
“Under Vatsa’s leadership there has been a significant change in strategic focus and a number of operational improvements that have delivered strong results laying the foundations for further growth. OANDA is well positioned for its next step forward and will continue to transform the business of foreign exchange and beyond.”
Last year, CVC made a $100m contribution to US-based cybersecurity platform Skybox Security’s $150m funding round late last year.
CVC also completed the $3bn bid, in partnership with Blackstone, to acquire payments processing company Paysafe.
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