Financial analytics group S&P Global and financial services firm CME Group have jointly announced a US$3.1 billion agreement to sell post-trade solutions provider OSTTRA to investment firm KKR. A press release reveals that KKR plans to increase investments in technology and innovation across OSTTRA’s post-trade platform.
The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals. OSTTRA was established in 2021 as a 50/50 joint venture between S&P Global and CME Group. The proceeds from its sale will thus be split between the two firms accordingly.
The acquisition is a part of KKR’s North American private equity strategy. OSTTRA’s management team, including co-CEOs Guy Rowcliffe and John Stewart, will continue leading the company in their current roles.
