M&A
confidence high
sentiment positive
materiality 0.75
CME Group and S&P Global sell OSTTRA joint venture to KKR for $3.1B
CME GROUP INC.
- Total enterprise value of $3.1 billion; proceeds split 50/50 between CME and S&P Global.
- Transaction expected to close in second half of 2025, subject to regulatory approvals.
- OSTTRA co-CEOs Guy Rowcliffe and John Stewart to remain in their current roles.
- KKR to support OSTTRA with increased technology investments and an employee equity program.
- OSTTRA, established in 2021, provides post-trade solutions for OTC markets including interest rates, FX, credit, and equities.