KKR nears deal to buy OSTTRA for about $3 billion, Bloomberg News reports
KKR is nearing a deal to acquire OSTTRA for approximately $3 billion, as reported by Bloomberg News. The announcement could come as soon as next week. Initially, GTCR was thought to be the buyer, but the report was corrected to indicate KKR's involvement. OSTTRA is a joint venture between CME Group and S&P Global, launched in September 2021.
(Changes slug and updates to show KKR, not GTCR, is nearing deal)
April 12 (Reuters) -
U.S.-based private equity firm KKR (KKR.N) is nearing a deal to buy OSTTRA for about $3 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.
The deal could be announced as early as next week, the report said.
Bloomberg initially reported that private equity firm GTCR was close to acquiring OSTTRA, a joint venture owned by CME Group (CME.O) and S&P Global (SPGI.N) , for approximately $3.2 billion. However, the report was later corrected to say that KKR is in advanced talks to acquire the post-trade services firm for about $3 billion.
S&P Global, CME Group, KKR and OSTTRA did not immediately respond to Reuters’ requests for comment.
Derivatives exchange CME Group (CME.O) and financial information company S&P Global (SPGI.N) were weighing a sale of joint venture OSTTRA, Bloomberg News reported last year.
OSTTRA was launched by CME and analytics firm IHS Markit in September 2021.
