News

Asian private equity fund buys currency website Oanda

World_currenciesA subsidiary of the Asia Fund IV from CVC Capital Partners has agreed to buy the outstanding equity of currency conversion website Oanda. The private equity firm said it hoped to assist Oanda in expanding its business in Asia through acquisitions. “This is an exciting opportunity to invest in a leading global player with a consistent track record of growth and a highly cash generative business, in a sector known well to CVC,” said Siddharth Patel, senior managing director at CVC Capital Partners. Vatsa Narasimha will stay on in his role as chief executive of Oanda, which offers an online retail trading platform and analytics services as well as its popular website, which offers free currency conversions. Founded in London in 1981 as a subsidiary of Citigroup, CVC Capital Partners manages about $70 billion of assets. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

INTERVIEW: Joining the family

Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

Roundtables

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.