Global investment firm KKR has finalized its acquisition of OSTTRA, a provider of post-trade solutions for the global over-the-counter (OTC) market, from S&P Global and CME Group, in a transaction valued at $3.1 billion.

OSTTRA, established in 2021 as a joint venture between CME Group and S&P Global, offers a comprehensive suite of critical post-trade solutions across interest rates, FX, credit, and equity asset classes. The company provides end-to-end connectivity and workflow solutions to banks, broker-dealers, asset managers, and other market participants, covering trade processing, trade lifecycle, and optimization. OSTTRA was formed through the combination of MarkitServ, Traiana, TriOptima, and Reset, connecting thousands of market participants to process millions of trades daily, streamlining workflows from trade capture and confirmation, through portfolio optimization, to clearing and settlement.

KKR intends to support OSTTRA’s customer-centric growth by increasing investments in technology and innovation within its post-trade solutions platform. Additionally, KKR plans to implement a broad-based equity ownership program, offering OSTTRA’s nearly 1,500 employees an opportunity to participate in the company’s ownership. Guy Rowcliffe and John Stewart will continue to lead the OSTTRA management team.

For KKR, Goldman Sachs & Co. LLC and BofA Securities served as financial advisors, and Simpson Thacher & Bartlett provided legal counsel. Barclays acted as financial advisor and Davis Polk as legal advisor to S&P Global. Citi provided financial advisory services and Skadden served as legal advisor to CME Group.