Exclusive: OANDA CEO Promises “No Immediate Changes”, Eyes Acquiring Firms

[kreslik.news]

In May of this year, OANDA, a US multi-asset broker,was acquired by CVC Capital Partners Asia Fund (CVC). The deal saw OANDA, one of the industry’s largest brokers come under new ownership with CVC taking a 98.5 percent stake in the firm.

Last month, a source close to the deal provided Finance Magnates with some of the details of the acquisition. CVC paid $160 million for their stake in the firm with the company valued at a total of $175 million. The private equity company also beat a number of competitors to take control of OANDA ... (read more)