M&A
confidence high
sentiment positive
materiality 0.80
S&P Global and CME Group sell OSTTRA to KKR for $3.1B enterprise value
S&P Global Inc.
- S&P Global and CME Group sign definitive agreement to sell OSTTRA to KKR for $3.1B enterprise value, split evenly.
- OSTTRA, a post-trade solutions JV formed in 2021, serves OTC markets across rates, FX, credit, and equity.
- Transaction expected to close in H2 2025, subject to customary conditions and regulatory approvals.
- OSTTRA co-CEOs Guy Rowcliffe and John Stewart will remain; KKR plans equity ownership program for ~1,500 employees.
- S&P Global cites continued portfolio optimization and strategy alignment.