Engaging in Financial Transactions or Bartering Goods and Services
Article:👍 KKR Goes Big: Snags Post-Trade Services Giant OSTTRA in $3.1B Deal
specialists Lars Mucklejohn here,
Breaking news! Finance juggernaut KKR is set to gobble up post-trade services titan OSTTRA in a whopping $3.1 billion deal. 💸
But wait, that's not all! This blockbuster transaction is the culmination of a strategic partnership between S&P Global and CME Group, which formed the joint venture lair of OSTTRA back in 2021.
You might be wondering, "What the heck is this OSTTRA thing, and why should I care?" Well sit tight, because here's the scoop!
Based on the juicy details, OSTTRA specializes in dishing out post-trade solutions for interest rates, FX, credit, and equity asset classes. Think of them as the cleanup crew for financial transactions, making sure everything runs smoothly.
So who's benefiting from this tasty treat? Companies like banks, broker-dealers, asset managers, and other market participants can all count on OSTTRA's end-to-end connectivity and workflow solutions for trade processing, lifecycle, and optimization.
S&P Global and CME Group are splitting their shares equally and pocketing the cashiess funds, while KKR steps in to take the reins. The investment firm is banking on OSTTRA's potential for growth, particularly in the realm of technology and innovation.
Now, when can we expect this deal to go through? The transaction is eying a big ol' rapprochement in the second half of 2025, provided all the necessary conditions and regulatory approvals are met.
But don't fret! Despite the change of hands, the talented OSTTRA leadership team, led by co-CEOs Guy Rowcliffe and John Stewart, will still be steering the ship. This stability will ensure a smooth sailing for the company going forward.
KKR has plans to amp up OSTTRA's game even further with some serious investments in technology and innovation. By building on their current offerings, KKR aims to dish up even more value for customers, creating a ripple effect of growth and prosperity in the process.
That's all for now, folks! Another day, another juicy acquisition in the finance world. Stay tuned for more updates on this mega deal! 💰💼🚀
- Lars Mucklejohn reveals that KKR is planning to invest in trading services company OSTTRA, following a $3.1 billion acquisition deal.
- The joint venture ventures, S&P Global and CME Group, previously owned OSTTRA, which specializes in post-trade solutions for various asset classes, including interest rates, FX, credit, and equity.
- By 2025, OSTTRA's ownership will shift from S&P Global and CME Group to investment firm KKR, who are optimistic about the company's growth potential, particularly in the areas of technology and innovation.
- OSTTRA’s co-CEOs, Guy Rowcliffe and John Stewart, will remain in their positions, ensuring stability and smooth operations during the transition, while KKR intends to increase investments in technology and innovation to improve customer value and foster growth.
