Hg To Acquire OneStream For $6.4B In All-Cash Transaction

OneStream Inc. (NASDAQ:OS) announced it has entered into a definitive agreement to be acquired by Hg, a software investment firm, for approximately $6.4 billion in an all-cash transaction.

Under the agreement, OneStream shareholders will receive $24.00 per share in cash. The purchase price represents a 31% premium to OneStream's closing share price on January 5, 2026, and a 27% premium to its 30-day volume-weighted average share price ending the same date.

Hg will become OneStream's majority voting shareholder, with General Atlantic and Tidemark serving as minority investors. The transaction has been unanimously approved by OneStream's board of directors and approved by KKR, which holds a majority of OneStream's voting power.