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S&P Global and CME Group to sell OSTTRA to KKR for $3.1 billion
Prnewswire· 2025-04-14 11:00
Core Viewpoint - S&P Global and CME Group have signed a definitive agreement to sell OSTTRA, a provider of post-trade solutions for the global OTC market, to KKR for a total enterprise value of $3.1 billion, with the proceeds split evenly between the two companies [1]. Company Overview - OSTTRA was established in 2021 as a joint venture between CME Group and S&P Global, offering a comprehensive suite of post-trade solutions across various asset classes including interest rates, FX, credit, and equity [2][8]. - The company processes over 80 million trades monthly, establishing itself as a critical infrastructure provider in the post-trade space [8]. Management and Future Plans - The current management team of OSTTRA, led by co-CEOs Guy Rowcliffe and John Stewart, will continue in their roles post-acquisition [3]. - KKR plans to support OSTTRA's growth by increasing investments in technology and innovation, enhancing its market-leading post-trade solutions [3][4]. Strategic Insights - KKR's investment strategy includes creating an equity ownership program for OSTTRA's nearly 1,500 employees, promoting engagement through ownership [4]. - The transaction is expected to close in the second half of 2025, pending regulatory approvals [5]. Advisory Roles - Financial and legal advisors for the transaction include Barclays and Davis Polk for S&P Global, Citi and Skadden for CME Group, and Goldman Sachs and Simpson Thacher & Bartlett for KKR [5].
NORTH AMERICAN MANUFACTURERS REPORT SHARP PULLBACK DUE TO TARIFFS, WHILE ASIAN SUPPLIERS RUN AT FULL TILT: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Prnewswire· 2025-04-10 12:35
In March, global supply chains spare capacity increased to highest level since May 2020, the height of the COVID-19 pandemic, indicating rapidly worsening conditions for global manufacturers Factories in the U.S., Mexico and Canada retrenched sharply in March due to tariffs, with purchasing activity down the most in Canada UK supplier activity contracting at a rate that has only ever been surpassed twice previously in the last 25 years, signaling considerable manufacturing weakness CLARK, N.J., April 10, ...
Nominations Open for the S&P Global Commodity Insights 2025 Platts Global Energy Awards
Prnewswire· 2025-04-08 13:33
NEW YORK, April 8, 2025 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today announced the call for nominations for the Platts Global Energy Awards program now in its 27th year. Nominations will be accepted through July 10, 2025, and finalists will be announced on the awards website September 9, 2025. "Committed to showcasing excellence in energ ...
S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase of $15.3 Billion in Q1 2025 as Dividend Growth Continues to Slow
Prnewswire· 2025-04-08 13:00
Core Insights - The indicated net changes in dividends for U.S. domestic common stocks increased by $15.3 billion in Q1 2025, showing a rise from $11.7 billion in Q4 2024 but a slight decrease from $16.0 billion in Q1 2024 [1][6] - For the 12-month period ending March 2025, the net dividend rate increased by $52.7 billion compared to $42.8 billion for the same period ending March 2024, indicating a positive trend in dividend payments [2][6] Dividend Increases - In Q1 2025, U.S. common dividend increases totaled $19.5 billion, a 37.0% increase from $14.2 billion in Q4 2024 but a 14.1% decrease from $22.7 billion in Q1 2024 [6][7] - For the 12-month period ending March 2025, total dividend increases were $68.2 billion, slightly up from $68.1 billion in the previous year [8][6] Dividend Decreases - In Q1 2025, dividend decreases amounted to $4.2 billion, a significant increase of 68.0% from $2.5 billion in Q4 2024, but a decrease of 37.7% from $6.7 billion in Q1 2024 [6][15] - For the 12-month period ending March 2025, dividend decreases were $15.6 billion, down 38.3% from $25.2 billion in the prior period [6][15] Market Trends - The S&P 500 is projected to post a record payment in 2025, with an expected increase in dividend payments of 6-7%, down from the pre-2025 expectation of 8% [4] - The weighted indicated dividend yield for paying issues was 2.78% in Q1 2025, down from 2.83% in Q4 2024 and 2.86% in Q1 2024 [15] Analyst Commentary - Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices, noted that while dividend growth continued in Q1 2025, it was slower than expected due to economic uncertainties affecting companies' forward commitments [3][4] - The potential for limited dividend increases in Q2 2025 is anticipated as companies adopt a cautious approach amid ongoing global uncertainties [4]
CARFAX Enhances Total Loss Valuation Report with Automated Calculation of Taxes and Fees
Prnewswire· 2025-04-03 13:00
CENTREVILLE, Va., April 3, 2025 /PRNewswire/ -- CARFAX, a leader in vehicle history and valuation, announced today the enhancement of its Total Loss Valuation Report to include automated calculation of taxes and fees. This enhancement is made possible through a partnership with Claim Toolkit, offering claims professionals the ability to more efficiently and accurately incorporate taxes and fees into final settlement amounts.Since its launch in 2020, CARFAX's Total Loss Valuation Report has been extensively ...
S&P Global Schedules First Quarter 2025 Earnings Announcement and Conference Call for Tuesday, April 29, 2025
Prnewswire· 2025-04-02 12:45
NEW YORK, April 2, 2025 /PRNewswire/ -- S&P Global's (NYSE: SPGI) first quarter 2025 results will be issued on Tuesday, April 29, 2025 via news release at approximately 7:15 a.m. Eastern Daylight Time. The news release will be available at www.spglobal.com. Martina Cheung, President and CEO; Eric Aboaf, Chief Financial Officer; and Mark Grant, Senior Vice President, Investor Relations, will host a conference call and webcast at 8:30 a.m. Eastern Daylight Time on April 29, 2025 to discuss the Company's first ...
S&P Global Market Intelligence's Annual Private Equity and Venture Capital Outlook Indicates Optimism Amid Macroeconomic Caution
Prnewswire· 2025-04-01 12:00
The S&P Global Market Intelligence Private Equity and Venture Capital Outlook surveyed more than 100 global private equity, venture capital and limited partner respondents across North America, Latin America, Asia Pacific, Middle Eastern and Africa regions. The survey was fielded between November 2024 and January 2025 covering questions on deal activity, strategy changes, market and firm-level challenges, sustainability consideration and technology adoptions. Annual survey reveals increasing retail investor ...
S&P CORELOGIC CASE-SHILLER INDEX RECORDS 4.1% ANNUAL GAIN IN JANUARY 2025
Prnewswire· 2025-03-27 20:16
NEW YORK, March 27, 2025 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the January 2025 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 4.1% annual gain in January 2025, a slight increase from the previous reading in December 2024. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/. YEAR-OVER-YEAR The ...
S&P Global Market Intelligence Enhances Enterprise Data Management Product Suite with Seamless Data Access Powered by Artificial Intelligence
Prnewswire· 2025-03-27 12:30
Global Entity Linking and ESG Data Management Services Now Accessible via the Snowflake AI Data Cloud NEW YORK, March 27, 2025 /PRNewswire/ -- S&P Global Market Intelligence, a provider of information services and solutions to global markets, announced today the launch of its Global Entity Linking and ESG Data Management Services, now accessible via Snowflake's AI Data Cloud. This unique solution offers clients the ability to aggregate data from both public and private sources while utilizing advanced arti ...
S&P Global Commodity Insights Launches Platts Mixed Plastic Waste Price Assessments for US and Europe
Prnewswire· 2025-03-25 17:34
The First in Market in the US Independent Price Assessments Bring Transparency and Aid Circular Economy HOUSTON and NEW YORK and LONDON, March 25, 2025 /PRNewswire/ -- First in market in the US, independent price assessments of mixed plastic waste were announced on March 12 for the United States and Europe by Platts, part of S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the metals, commodities, chemicals, energy an ...