KKR to Buy Post-Trade Services Firm OSTTRA in $3.1 Billion Deal

Buyout firm KKR & Co. agreed to acquire post-trade services provider OSTTRA at an enterprise valuation of $3.1 billion, showing that tariff-resilient companies can still be sold.

The New York-based firm will buy the business jointly controlled by CME Group Inc. and S&P Global Inc., according to a statement on Monday that confirmed an earlier Bloomberg News report. The OSTTRA management team, including co-Chief Executive Officers Guy Rowcliffe and John Stewart, will continue to run the firm in their current roles.

KKR is making its investment in OSTTRA primarily through its North American private equity strategy, the statement ...