CVC Capital Partners Asia Fund IV to acquire OANDA Global Corporation
On May 2, 2018, CVC Capital Partners Asia Fund IV, a wholly-owned subsidiary of CVC Capital Partners, announced that it will acquire OANDA Global Corporation. The transaction is subject to customary regulatory approvals.
CVC Capital Partners is a leading global private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 450 employees throughout Asia, Europe and the U.S. In total, CVC currently manages $70 billion of assets. Funds managed or advised by CVC are invested in 61 companies worldwide, employing 270,000 people in numerous countries. Together, these companies have combined annual sales of over $60 billion.
Founded in 1995 and headquartered in Toronto, Ontario, OANDA is a global online retail trading platform, currency data and analytics company. OANDA's award-winning technology and institutional-grade execution across a wide range of asset classes enables clients to trade currencies, equity indices, commodities, treasuries and precious metals. The company has grown to be the definitive source of FX rates trusted by leading global corporations such as Google, Samsung and Tesla as well as audit firms, tax authorities and industry associations such as IATA. OANDA has grown globally with established operations in London, New Delhi, New York, Tokyo, Toronto, San Francisco, Singapore and Sydney.
McCarthy Tétrault LLP is advising CVC Capital Partners with a team led by Cameron Belsher, David Woollcombe and Pavan Jawanda that includes Glynnis Morgan and Erin O'Callaghan (Corporate/M&A), Sean Sadler (Securities), Vincent Yip (Intellectual Property), Kelleher Lynch and Patrick Pengelly (Pensions & Employment), and Ana Badour (Financial Services).