KKR's 7.70 Billion Trade Day Ranks 91st as it Acquires OSTTRA for 3.1 Billion

On April 14, 2025, KKR (KKR) saw a trading volume of 7.70 billion, ranking 91st in the day's stock market activity. The stock price increased by 1.67%.

KKR has agreed to acquire OSTTRA, a leading provider of post-trade processing solutions, from its co-owners S&P Global and CME Group. The deal, valued at $3.1 billion, is expected to close in the second half of 2025. OSTTRA, established in 2021 as a joint venture between CME Group and S&P Global, processes over 80 million trades monthly across various asset classes. The acquisition will see KKR take full ownership of OSTTRA, with the proceeds divided evenly between the current owners.

The current management team, led by co-CEOs Guy Rowcliffe and John Stewart, will continue to lead the company following the acquisition. KKR plans to increase OSTTRA's investments in technology and innovation, and implement a broad-based equity ownership program for its approximately 1,500 employees. The private equity firm aims to leverage its experience in the tech-enabled and financial services sectors to help OSTTRA further innovate and drive value for its customers.

For CME Group and S&P Global, the sale represents a successful exit from their joint venture after nurturing its growth over the past four years. The transaction is subject to customary closing conditions and regulatory approvals. Financial advisors to the deal include Barclays for S&P Global, Citi for CME Group, and Goldman Sachs for KKR.