Bargain hunters? Exclusive details on the OANADA-CVC acquisition

[kreslik.news]

Finance Magnates has learned more about the acquisition of OANDA by CVC Partners Asia Fund (CVC). The deal, which Finance Magnates reported on last month, will see CVC taking a 98.5 percent stake in the retail broker according to a source involved in the acquisition.

The acquisition saw OANDA being valued at a total of $175 million. This valuation was based on last year’s earnings before interest, taxes, depreciation, and amortization (EBITA) which totalled $35 million.

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As CVC will be taking a 98.5 percent stake in the firm, they will pay ... (read more)