KKR, a global investment firm, announced today that the KKR investment funds have completed the acquisition of Osttra, a Trade Soluer Provider for Global OTC Market, by S&P Global and CME Group.
The terms of the Osttra agreement were equivalent to a total value of businesses at $ 3.1 billion.
It was founded in 2021 as a joint venture between CME Group and S&P Global, Osttra serves the global economic ecosystem with a comprehensive series of critical bids after trade rates, assets and stock categories. Osttra provides connectivity and workflow solutions from end to end to banks, brokers, asset administrators and other market participants throughout trade, commercial life cycle and optimization.
Guy Rowcliffe and John Stewart will continue to drive the Osttra management team. Based on the strong establishment of Osttra as a reliable provider of critical market infrastructure, KKR will support the company’s development with the clientele, increasing Osttra’s investment in technology and innovation throughout the top Post-Trade Solutions platform.
KKR will also support Osttra in creating a wide -ranging stock program to provide all 1,500 company employees of the company to participate in the benefits of ownership.
Goldman Sachs & Co. LLC and Bofa Securities and Simpson Thacher & Bartlett have served as financial and legal advisers, respectively, in KKR. Barclays served as a financial adviser and Davis Polk served as a legal adviser to S&P Global. Citi served as a financial adviser and Skadden served as a legal adviser to the CME Group.