OneStream entered into a definitive agreement to be acquired by private equity firm Hg in an all-cash transaction valued at approximately $6.4 billion in equity value.
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Under the terms of the agreement, OneStream shareholders will receive $24 per share in cash. This price represents a 31% premium over OneStream’s closing price of $18.39 on January 5, 2026, the last trading day before the deal was announced.
The acquisition took OneStream private again, less than two years after its initial public offering (IPO) in July 2024, which priced at $20 per share.
Existing principal shareholder KKR has approved the transaction. The deal has been unanimously approved by OneStream’s board as well and is expected to close in the first half of 2026, subject to regulatory approvals.
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Upon closing, Hg will be the majority shareholder, and General Atlantic and Tidemark will be significant minority investors.
OneStream provides a unified, cloud-based finance platform that streamlines corporate performance management (CPM) processes like financial consolidation, planning, budgeting, forecasting, reporting, and analytics into a single solution, eliminating data silos and fragmented spreadsheets for finance teams. It acts as an “operating system for modern finance” by unifying financial and operational data, embedding AI for better decisions, and offering an extensible marketplace for adding solutions like tax provisioning or capital planning, making finance more efficient, transparent, and strategic.
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