– OneStream is a leading enterprise finance management platform that unifies financial close, consolidation, reporting, planning, and forecasting.
– OneStream has entered into a definitive agreement to be acquired by Hg, a leading investor in software, services, and data businesses.
– The all-cash transaction values OneStream at approximately $6.4 billion in equity.
– Hg will be OneStream’s majority voting shareholder.
– General Atlantic and Tidemark will also invest as significant minority investors.
– OneStream shareholders will receive $24.00 per share in cash.
– This represents a 31% premium over the January 5, 2026 closing price.
– Hg will acquire all outstanding shares, including those owned by KKR, which took OneStream public in 2024.
– The transaction is expected to close in the first half of 2026, after which OneStream will become privately held.
– Hg will invest via its Saturn Fund.
– OneStream CEO Tom Shea emphasized:
The company is well-positioned for the AI transformation of Finance.
The partnership will accelerate its AI-first strategy and Finance AI capabilities.
The transaction delivers immediate shareholder value and supports long-term growth.
– Alan Cline, Partner at Hg, highlighted:
Hg has invested over $4.5 billion in Office of the CFO providers.
OneStream’s AI differentiation, global customer base, and vision position it as a leading enterprise finance provider.
– Joe Jefferies, Partner at Hg, noted:
The company will preserve OneStream’s customer focus and entrepreneurial culture.
Hg will support with AI specialists, partnerships, and its AI incubator, Hg Catalyst.
– Jimmy Miele, Managing Director at General Atlantic, stated:
OneStream’s AI-focused, multi-product platform provides strong value to CFOs.
General Atlantic aims to accelerate growth and innovation alongside Hg and Tidemark.
– Dave Welsh, Partner at KKR, emphasized:
The OneStream team has built a trusted platform for global enterprises.
The company has strong momentum for its next chapter with Hg, Tidemark, and General Atlantic.
