Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of OneStream, Inc. to assess the fairness of the buyout price for shareholders [1][3]. Group 1: Buyout Details - OneStream announced an agreement to be acquired by private equity firm Hg at a price of $24.00 per share in cash on January 6, 2026 [2]. - Following the transaction's closure, OneStream shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Group 2: Valuation Concerns - The investigation aims to determine if the buyout price of $24.00 per share is adequate, especially since some analysts had set a price target of $27.00 per share for OneStream's stock at the time of the announcement [3].

Group 1 - A consortium of private credit firms, led by Goldman Sachs Alternative Investment Fund, will provide $3.5 billion to support the acquisition of Clearwater Analytics (CWAN.US) [1] - The debt issuance will carry a premium of 4.5 percentage points over the U.S. benchmark interest rate [1] - The acquisition, led by private equity firms Permira Holdings and Warburg Pincus, values Clearwater at approximately $8.4 billion and is expected to close by mid-2026 [1] Group 2 - Clearwater provides a cloud software platform for institutional investors in both public and private markets [2] - Recent market focus on the potential of artificial intelligence replacing software services has led to a decline in debt prices for some companies, casting a shadow over private equity investments in software [2] - The financing for the acquisitions of OneStream and Clearwater indicates that private credit institutions remain open to the software sector despite scrutiny over their exposure to risks [2]

A group of private credit firms led by Blue Owl are providing a $1.4 billion loan to help buyout firm Hg finance the acquisition of OneStream https://t.co/Uub2vRPmVT ...

Group 1: Market Overview - The "office of the CFO software market" is projected to grow from $71 billion in 2023 to $131 billion in 2028, indicating significant expansion opportunities [3]. - OneStream, a major player in this market, has agreed to be acquired by Hg for $6.4 billion, highlighting ongoing consolidation trends within the industry [3]. Group 2: Company Developments - Datarails raised $70 million in Series C funding, bringing its total funding to $175 million, aimed at geographic expansion and product portfolio enhancement [5][9]. - The company reported a 70% year-over-year revenue growth last year, with its workforce nearly doubling to over 400 employees [5]. Group 3: Product Innovations - Datarails is evolving its software tools from a focus on financial planning and analysis to a comprehensive finance platform, with over 50% of its growth in 2025 attributed to products launched in the past year [6]. - New products being introduced include AI finance agents for strategy, planning, and reporting, which assist finance professionals in generating board-ready materials [7]. - Upcoming releases include "AI in Excel" and "Spend Control," aimed at enhancing financial management capabilities [8].

Core Insights - Hg has acquired OneStream for an equity value of approximately $6.4 billion, marking a return to private ownership just 17 months after its IPO, reflecting changing dynamics in the tech sector amid economic uncertainties [1][3] - OneStream provides an AI-enabled platform for enterprise finance management, serving major clients like Toyota and UPS, and competes with industry leaders such as Oracle and SAP [2][9] Company Overview - OneStream, founded in 2010, has evolved from Oracle's Hyperion technology into a unified system for streamlining financial processes for large organizations [3] - The company went public in July 2024 with an initial valuation near $6 billion but saw its market cap decline to about $4.48 billion by early January 2026 due to softer macroeconomic conditions [3] Acquisition Details - Hg will become the majority voting shareholder, with minority stakes held by General Atlantic and Tidemark, while KKR exits its position entirely [5] - The acquisition offers OneStream shareholders $24 per share, representing a 31% premium over the January 5, 2026 closing price and a 27% uplift from the 30-day volume-weighted average [5] Strategic Implications - Leadership continuity is assured with CEO Tom Shea remaining in charge, allowing OneStream to focus on AI-driven innovations without public market pressures [6] - Hg's involvement is expected to enhance OneStream's growth trajectory and AI capabilities, aligning with broader trends in fintech where AI integration is driving consolidation [6][8] Market Response - Following the announcement, OneStream shares surged over 28%, indicating a positive market reaction [7] - Analysts view the acquisition as a vote of confidence in OneStream's platform, suggesting it could reshape the competitive landscape and enable the company to capture more market share [9]

Group 1: Onestream (OS) - Onestream shares increased by 28.4% to close at $23.61, following a notable volume of shares traded, contrasting with a 2.2% loss over the past four weeks [1] - The stock's surge is attributed to the announcement of its acquisition by Hg, valuing Onestream at approximately $6.4 billion in equity [1] - The consensus EPS estimate for Onestream has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Group 2: Elastic (ESTC) - Elastic's consensus EPS estimate for the upcoming report is $0.64, reflecting a year-over-year change of +1.6% [4] - Elastic's stock closed 1.8% higher at $75.61, with a return of -1.6% over the past month [3] - Both Onestream and Elastic hold a Zacks Rank of 3 (Hold), indicating a neutral outlook for these stocks [3][4]

Core Viewpoint - Private equity firm Hg is set to take financial software manufacturer OneStream private, with a transaction valuation of approximately $6.4 billion [1] Group 1 - OneStream shareholders will receive $24 in cash per share, representing a 31% premium over the closing price on Monday [1] - The transaction is expected to be completed in the first half of 2026 [1]

Group 1 - OneStream, Inc. is set to be acquired by Hg for $6.4 billion, leading to a significant increase in its stock price by 28.38% to $23.61 [1][2] - The acquisition agreement stipulates a purchase price of $24 per share, representing a 31% premium over OneStream's closing price prior to the announcement [2] - The transaction will be fully paid in cash and is expected to close in the first half of the year, pending regulatory approvals [3] Group 2 - OneStream's CEO, Tom Shea, emphasized the company's strong position in the AI sector and the benefits of the partnership with Hg, General Atlantic, and Tidemark to enhance its AI capabilities [4] - The acquisition is viewed as delivering immediate value to shareholders and reflects confidence in OneStream's strategy and workforce [5]

Group 1 - OneStream, Inc. is a leading enterprise finance management platform focused on innovative solutions for the Office of the CFO [1] - Wedbush downgraded OneStream from "Outperform" to "Neutral" with a stock price of $23.57 at the time of the downgrade [1][5] - OneStream has entered into a definitive agreement to be acquired by Hg for $6.4 billion, with shareholders receiving $24 per share, representing a 31% premium over the closing price on January 5, 2026 [2][5] Group 2 - The current stock price of OneStream is $23.60, reflecting an increase of 28.30%, or $5.21, with fluctuations between $22.31 and $23.87 throughout the day [3][5] - OneStream's market capitalization is approximately $6.22 billion, with a trading volume of 34,998,310 shares [4] - The acquisition by Hg Capital emphasizes a strategic investment in the financial software sector, highlighting the growth potential of OneStream's offerings [4]

Core Viewpoint - Ademi LLP is investigating OneStream for potential breaches of fiduciary duty and other legal violations related to its transaction with Hg, which involves a significant cash payout to shareholders [1][3]. Group 1: Transaction Details - OneStream stockholders will receive $24.00 per share in cash, with the total transaction valued at approximately $6.4 billion [2]. - The transaction includes substantial benefits for OneStream insiders as part of change of control arrangements [2]. Group 2: Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on OneStream for accepting competing bids, which may limit shareholder options [3]. - The investigation focuses on whether the OneStream board of directors is fulfilling their fiduciary duties to all shareholders [3].