OneStream Successfully Completes $6.4 Billion Acquisition by Hg

OneStream's Successful Acquisition by Hg

On April 1, 2026, OneStream, a leading enterprise finance management platform, proudly announced the successful conclusion of its acquisition by Hg, a prominent investor in European and transatlantic technology. Valued at $6.4 billion in equity, this all-cash transaction marks a significant milestone for OneStream, known for its innovative solutions designed to modernize the CFO's office by integrating essential finance and operational functions like financial close, consolidation, reporting, planning, and forecasting.

With this acquisition, OneStream is transitioning to a privately-held entity, while maintaining its current leadership team, including CEO Tom Shea, who expressed his enthusiasm regarding the new chapter the company is entering. Under his guidance, OneStream has distinguished itself in the finance sector, particularly by doubling its AI customer base in 2025, proving its commitment to innovation and growth.

Strategic Vision and Future Potential

Tom Shea stated, "Today’s announcement signifies an exciting next step for OneStream. We recognize the critical window of opportunity in Finance AI over the next 24 to 36 months, and with Hg as our partner, we aim to lead the way through deliberate, long-term strategies that keep our customers at the forefront." The partnership with Hg is anticipated to spur further innovation, enhance global scalability, and ultimately deliver additional value to finance leaders worldwide.

Hg recognizes the transformative potential that OneStream holds. Joe Jefferies, a partner at Hg, noted the organization's vision for becoming the operating system for modern finance as a groundbreaking endeavor, particularly in the context of the burgeoning AI landscape. He expressed confidence in OneStream's capability to integrate AI solutions within its financial frameworks, effectively redefining value delivery for businesses.

Alan Cline, Partner and Head of North America at Hg, reiterated the excitement surrounding this acquisition, stating that OneStream is not only a leader in Finance AI but is poised for tremendous future growth. The firm emphasizes its commitment to category-leading firms with robust platforms and expansive growth potential, aiming to be an integral part of OneStream’s journey toward further innovation and value creation.

Financial Implications of the Acquisition

As part of the acquisition, shareholders of OneStream are entitled to receive $24.00 per share in cash, aligning with the stipulations set out in the merger agreement. This transaction received the green light from OneStream shareholders, alongside necessary regulatory approvals, showcasing widespread support for the transition.

To facilitate this monumental undertaking, several esteemed financial and legal advisors have played crucial roles. J.P. Morgan Securities LLC acted as the financial advisor for OneStream, while Centerview Partners provided a fairness opinion. Hg's legal and financial advisory needs were addressed by notable firms including Goldman Sachs and Skadden, among others. Such expertise underscores the strategic nature of this acquisition and the potential for inevitable success as OneStream navigates its post-acquisition landscape.

OneStream's Role in Modern Finance

OneStream is dedicated to empowering today's finance teams by moving beyond mere historical reporting. Its aim is to drive firms toward forward-thinking strategies, positioning the CFO as a pivotal figure in overall business execution. The company’s Digital Finance Cloud embodies a comprehensive approach to unifying critical financial and operational data, thus enabling advanced decision-making through AI.

With a customer base exceeding 1,800 clients, including 18% of the Fortune 500, OneStream's reach and influence continue to grow. The existing partnerships with various development and implementation firms bolster its market position significantly.

Conclusion

Looking forward, OneStream is determined to fulfil its vision of becoming the primary operating system for modern finance, leveraging its new partnership with Hg to cultivate further innovation and scalability. As the dynamics of finance evolve, OneStream stands ready to meet the challenges head-on, creating new opportunities for finance leaders everywhere. To discover more about OneStream's offerings, visit onestream.com.