OneStream to be Acquired by Hg for $6.4 Billion in All-Cash Deal; Shareholders to Receive $24.00 Per Share

summarizeSummary

OneStream, Inc. has entered into a definitive agreement to be acquired by private equity firm Hg for approximately $6.4 billion in an all-cash transaction, taking the company private. Shareholders will receive $24.00 per share, representing a 31% premium over the closing price on January 5, 2026.

check_boxKey Events

• Definitive Merger Agreement

  OneStream, Inc. will be acquired by entities affiliated with Hg for approximately $6.4 billion in an all-cash transaction.

• Shareholder Payout

  Class A and Class D common stockholders will receive $24.00 per share, representing a 31% premium over the closing price on January 5, 2026, and a 1.73% premium over the current stock price of $23.59.

• Private Company Status

  Upon the closing of the transaction, OneStream will become a privately held company.

• Stockholder Approval Secured

  Stockholders affiliated with KKR, holding approximately 58% of OneStream's voting power, have already provided written consent, satisfying the necessary stockholder approval for the merger.

auto_awesomeAnalysis

This 8-K announces a definitive agreement for OneStream, Inc. to be acquired by private equity firm Hg for approximately $6.4 billion in an all-cash transaction, taking the company private. This is a thesis-altering event as it fundamentally changes the company's ownership structure and future trajectory. The offer price of $24.00 per share provides a substantial premium (31%) over the stock's closing price on January 5, 2026, and a modest premium (1.73%) over the current trading price, offering immediate liquidity and value to shareholders. The fact that major stockholders, including KKR, holding 58% of the voting power, have already provided written consent for the merger, significantly de-risks the transaction's completion from a shareholder approval perspective. The continuity of the current CEO and leadership team, along with the CEO's equity rollover, suggests confidence in the company's ongoing strategy under private ownership. The termination of the Tax Receivable Agreement also simplifies the company's future financial obligations. Investors should note the definitive nature of this agreement and the high likelihood of its completion, subject to regulatory approvals.