OneStream acquired by Hg for $6.4B

By Chris Stiles • Wednesday, April 01 11:46 • Permanent Link

OneStream said Tuesday it has completed its acquisition by Hg in an all-cash deal valuing the company at about $6.4 billion in equity value.

Shareholders will receive $24.00 per share in cash. OneStream’s Class A common stock has stopped trading on the Nasdaq as a result of the transaction.

The company said Tom Shea will remain chief executive and the current leadership team will stay in place.

OneStream pointed to a strong 2025, saying it more than doubled its AI customers year over year. The company also said it has more than 1,800 customers, including 18% of the Fortune 500, and employs 1,600 people.

Hg said it is backing a business it sees as a key player in finance AI, with OneStream’s platform used to unify financial and operational data, planning, forecasting, reporting and consolidation.

The deal had already been approved by shareholders and received the required regulatory approvals. The market has reacted to these announcements by moving the company's shares 0.13% to a price of $23.83. If you want to know more, read the company's complete 8-K report here.

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