OneStream Acquired by Hg for $6.4 Billion

OneStream, Inc., a prominent enterprise finance management platform, has reached a definitive agreement to be acquired by Hg for $6.4 billion. Hg will become the majority shareholder, with General Atlantic and Tidemark holding minority stakes. The acquisition price is set at $24.00 per share, a 31% premium over the closing price on January 5, 2026. This partnership aims to expedite OneStream's AI innovation for the Office of the CFO.

The transaction is anticipated to close in the first half of 2026, pending regulatory approvals. Post-acquisition, OneStream will transition to a privately held company. CEO Tom Shea will continue in his role alongside the current leadership team. The deal reflects confidence in OneStream's strategy and workforce, with plans to enhance its AI-first market strategy.

The company's board has unanimously approved the transaction, which does not require further stockholder consent. J.P. Morgan and Centerview Partners provided fairness opinions, while Wilson Sonsini Goodrich & Rosati served as legal advisors.