KKR has completed the acquisition of OSTTRA, a leading provider of post-trade solutions for global OTC markets, from S&P Global and CME Group. The transaction values OSTTRA at $3.1 billion, underscoring KKR’s commitment to expanding its presence in financial market infrastructure.

Founded in 2021 as a joint venture between CME Group and S&P Global, OSTTRA offers a comprehensive suite of post-trade services across interest rates, FX, credit, and equity asset classes. Its solutions span trade processing, lifecycle management, and workflow optimization, serving banks, broker-dealers, asset managers, and other institutional participants.

“We are building on OSTTRA’s strong foundation as a trusted provider of critical market infrastructure,” said KKR representatives. “Our support will enhance the Company’s technology and innovation investments while creating a broad-based equity ownership program for nearly 1,500 employees.”

OSTTRA’s Leadership and Strategic Vision

Guy Rowcliffe and John Stewart will continue to lead OSTTRA, ensuring continuity while KKR fuels growth through technology upgrades and expanded customer-focused offerings. The acquisition aligns with a broader trend of private equity firms investing in market infrastructure companies, where scalability and technology-driven efficiencies are increasingly critical.

For KKR, OSTTRA represents an opportunity to strengthen its portfolio in the post-trade solutions sector, a market witnessing growing demand for automation, transparency, and operational efficiency. The acquisition also highlights ongoing consolidation in fintech and financial services, where large-scale players are betting on integrated, tech-enabled post-trade platforms.

Advisors

Goldman Sachs & Co. LLC and BofA Securities, along with Simpson Thacher & Bartlett, served as financial and legal advisors to KKR. Barclays and Davis Polk advised S&P Global, while Citi and Skadden represented CME Group.