CVC Asia Fund IV sells OANDA to FTMO Group

EditorAhmed Abdulazez Abdulkadir
Published 02/04/2025, 06:26 AM
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CVC Asia Fund IV has entered into an agreement to sell its retail foreign exchange brand OANDA to the FTMO Group, a move that is pending regulatory approval. The financial details of the transaction have not been made public.

OANDA, a major online trading platform offering services in FX, stocks, commodities, and cryptocurrencies, was put up for sale in July 2024 by its private equity owner, CVC Capital Partners (WA:CPAP). The sale process was overseen by investment banks Nomura and Santander (BME:SAN). The company's valuation has not been disclosed, but OANDA is known to compete with firms like CMC Markets (LON:CMCX) and IG Group. Since CVC's acquisition in 2018, OANDA has expanded its operations, now serving clients in over 120 countries from its headquarters in Asia.

The company, founded in 1995, boasts a dedicated back-end operation in Poland and has developed a mobile-first trading platform that is scalable. With more than 100,000 active traders, OANDA reported an expected revenue of $175 million last year, indicating its strong financial position and global reach, which likely sparked interest from various financial investors.

FTMO, established in Prague in 2014 by a team of young day traders including co-founders Otakar Šuffner and Marek Vašíček, specializes in educational and training services for traders. The company, which initially operated under the name Ziskejucet.cz, focuses on helping traders develop risk management skills. After rebranding to FTMO.com in 2017, it launched a two-step evaluation process to find and fund talented traders who can manage company capital.

The acquisition is part of FTMO's long-term vision, and the company plans to maintain OANDA as a standalone business after the deal is finalized. Siddharth Patel, Managing Partner at CVC, expressed pride in OANDA's growth and diversification under their ownership, crediting the new management team led by CEO Gavin Bambury, who joined in 2019. Bambury highlighted OANDA's strong positioning for future growth, thanking CVC for their support.

FTMO's co-founders, Šuffner and Vašíček, stated that the acquisition of OANDA aligns with their long-term vision and will benefit market participants, including customers of both FTMO and OANDA. They praised OANDA's management team for their expertise in regulated markets and customer-centric philosophy, which complements FTMO's vision and strategy. The co-founders look forward to building a comprehensive trading powerhouse with OANDA.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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