Online retail investment platform Oanda has been put up for sale by private equity owner CVC Capital, according to Sky News.
According to the report, CVC has recruited bankers at Nomura and Santander to seek out potential buyers.
CVC bought Oanda in 2018, with CVC’s senior managing director Siddharth Patel. at the time. calling it “an exciting opportunity to invest in a leading global player with a consistent track record of growth and a highly cash-generative business”.
It is unclear what valuation CVC is seeking in the sale.