KKR Poised to Acquire OSTTRA for $3 Billion

Published 15 days agoKKR

KKR Poised to Acquire OSTTRA for $3 Billion

KKR is reportedly nearing the acquisition of OSTTRA, a joint venture between CME Group and S&P Global, for approximately $3 billion. The agreement is in advanced stages and could be finalized and announced as early as next week.

OSTTRA, established in September 2021 by CME Group and IHS Markit, has drawn significant interest from various private equity firms. Among those vying for the acquisition were Advent and STG, with final bids submitted in mid-April. This illustrates the competitive environment in the financial services sector where private equity firms seek valuable assets.

The acquisition underscores KKR's strategy to deepen its footprint in the financial services infrastructure segment. This move could significantly bolster KKR's presence in the post-trade services market, aligning with the firm's broader investment goals. According to Insider Monkey, this highlights a trend of private equity firms pursuing strategic acquisitions within the financial industry.

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