OANDA Sold to FTMO by CVC Funds

CVC Capital Partners has announced the sale of OANDA Global Corporation to FTMO Group, a significant transaction that marks an essential transition for both parties involved. OANDA, a leader in digital trading platforms for both retail and corporate clients, has been under CVC's ownership since 2018. During this period, OANDA underwent substantial transformation, including the development of a scalable, award-winning mobile-first trading platform. This move was accompanied by the recruitment of Gavin Bambury as CEO, along with substantial investments in technology and product development. OANDA's platform facilitates multi-asset trading, currency data, and analytics across several major financial markets globally. FTMO Group, recognized for its educational and training services in the trading sector, views the acquisition as a pivotal step towards realizing its long-term vision. The company plans to keep OANDA as a standalone entity post-acquisition, underscoring the operational synergies and complementary strengths both companies share. The transaction awaits regulatory approvals, with financial advisories provided by Nomura and Santander for CVC, and J.P. Morgan for FTMO, while Milbank (Hong Kong) LLP and Latham & Watkins LLP provided legal advice to CVC and FTMO respectively.