CVC Capital Partners Sells OANDA to Leading Prop Firm FTMO

Private equity firm CVC Capital Partners has announced the sale of Retail FX and CFDs broker OANDA Global Corporation to prop trading firm FTMO Group. The transaction, conducted through CVC's Asia Fund IV, is subject to regulatory approvals, though financial terms were not disclosed. CVC acquired OANDA in 2018 for a reported $175 million and has since overseen its transformation into a global multi-asset trading platform.

OANDA, founded in 1996, operates in major financial markets, including New York, London, and Tokyo, offering retail and corporate clients access to currency data, analytics, and trading services. Under CVC's ownership, OANDA expanded its offerings and strengthened its regulatory compliance and customer support. Siddharth Patel, Managing Partner at CVC, praised OANDA's management team, led by CEO Gavin Bambury, for their efforts. "It has been a privilege to support OANDA's transition," Patel said.

FTMO, a Czech Republic-based prop trading firm, views the acquisition as a strategic step toward building a comprehensive trading powerhouse. Otakar Šuffner, FTMO's co-founder and CEO, emphasized the complementary strengths of the two companies. "We believe it will be highly beneficial for all relevant market participants," Šuffner said. FTMO plans to maintain OANDA as a standalone business post-acquisition.

Gavin Bambury, OANDA's CEO, expressed confidence in the future under FTMO's ownership. "We are well positioned for future growth thanks to a global footprint of licenses, OANDA's trusted brand, and the scalable technology platform," he said.

The deal marks a significant shift in the retail trading landscape, with FTMO leveraging OANDA's established presence to expand its own capabilities. Nomura and Santander acted as financial advisers to CVC, while JPMorgan advised FTMO on the transaction.