KKR completes $3.1 billion acquisition of post-trade solutions provider OSTTRA

NEW YORK - Investment funds managed by KKR have completed the acquisition of OSTTRA from S&P Global and CME Group for an enterprise value of $3.1 billion, according to a press release statement issued Friday.

OSTTRA, established in 2021 as a joint venture between CME Group and S&P Global, provides post-trade solutions for the global OTC market across interest rates, foreign exchange, credit, and equity asset classes. The company serves banks, broker-dealers, asset managers, and other market participants with trade processing, lifecycle management, and optimization services.

The current management team, led by Guy Rowcliffe and John Stewart, will continue to lead OSTTRA following the acquisition. KKR plans to increase investments in technology and innovation across OSTTRA’s post-trade solutions platform.

As part of the transaction, KKR will implement a broad-based equity ownership program that will allow OSTTRA’s approximately 1,500 employees to participate in the benefits of ownership.

Goldman Sachs & Co. LLC and BofA Securities served as financial advisors to KKR, while Simpson Thacher & Bartlett provided legal counsel. Barclays acted as financial advisor to S&P Global with Davis Polk as legal advisor. CME Group was advised by Citi financially and by Skadden legally.

OSTTRA was formed through the combination of four businesses - MarkitServ, Traiana, TriOptima and Reset - that have been involved in post-trade innovation for over 20 years. The company processes millions of trades daily through its network, which connects thousands of market participants.

KKR (NYSE:KKR) is a global investment firm offering alternative asset management, capital markets, and insurance solutions through its various subsidiaries and sponsored funds. The company has maintained dividend payments for 16 consecutive years, with a current gross profit margin of 59.6%. InvestingPro analysis reveals detailed insights about KKR’s valuation and growth potential, available in the comprehensive Pro Research Report, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.

In other recent news, KKR reported over $925 million in monetization activity for the third quarter of 2025, primarily from realized performance income. The firm is also exploring the sale of its 40% stake in Pembina Gas Infrastructure, valued at approximately $7 billion, with Scotiabank bankers assisting in gauging buyer interest. Additionally, KKR is selling its tech-enabled insurance platform, Integrated Specialty Coverages (ISC), to Onex Partners, with ISC employees receiving cash payouts based on tenure. In boardroom developments, former Eaton CEO Craig Arnold has been appointed to KKR’s Board of Directors, becoming the eleventh independent director. Meanwhile, BMO Capital has initiated coverage of KKR with an Outperform rating, citing the firm’s strong position in private equity and potential for capital markets recovery. These recent developments highlight KKR’s strategic moves in the market and board enhancements.

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