Hg Capital to buy OneStream in $6.4 billion take private deal; shares jump 28%

Company Overview - OneStream is a financial software maker based in Birmingham, Michigan, providing products that assist executives in reporting financial statements to regulators and investors [3] - The company serves notable clients including Toyota, UPS, News Corp, and General Dynamics [3] - OneStream offers AI-driven financial forecasting tools and competes with major enterprise software providers such as Oracle, SAP, and Workday [3] Acquisition Details - Hg Capital has agreed to acquire OneStream in an all-cash deal valued at $6.4 billion, with shareholders receiving $24 per share, reflecting a 31% premium over OneStream's closing price on the previous Monday [1] - The stock price of OneStream increased by over 28% in afternoon trading following the announcement of the acquisition [1] - The deal is expected to close in the first half of 2026, with J.P. Morgan Securities acting as the financial adviser to OneStream [5] Market Context - OneStream went public in July 2024 under the majority ownership of KKR, but has faced challenges in maintaining its valuation due to a weaker macroeconomic environment affecting investor interest in growth-focused tech stocks [4] - The company's initial public offering (IPO) was priced at $26, giving it a valuation of nearly $6 billion, while its market capitalization was approximately $4.48 billion as of the previous Monday [4] - Global mergers and acquisitions activity has shown a steady rebound in 2025, despite uncertainties related to U.S. tariff policies and geopolitical conflicts [2]