How much will OneStream (OS) shareholders receive per share from the Hg acquisition?

Shareholders are entitled to receive $24.00 per share in cash under the merger agreement. According to OneStream, the payment is subject to the terms and conditions set forth in the merger agreement.

OneStream Announces Completion of Acquisition by Hg for $6.4 Billion

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Positive)

Rhea-AI Summary

OneStream (NASDAQ: OS) announced completion of its acquisition by Hg for approximately $6.4 billion in equity value on April 1, 2026. Shareholders will receive $24.00 per share in cash and OneStream's Class A common stock has ceased trading on NASDAQ. Tom Shea remains CEO and the leadership team stays in place.

Hg led the buyout with minority investors General Atlantic and Tidemark; the deal received shareholder and regulatory approvals and involved multiple financial and legal advisors.

Positive

Transaction value of approximately $6.4 billion in equity
Shareholders receive $24.00 per share in cash
OneStream goes private, enabling private ownership and strategic flexibility
CEO Tom Shea retained and current leadership remains, supporting continuity
Hg and minority backers bring scaling expertise for Finance AI expansion

Negative

Class A shares ceased trading on NASDAQ, removing public liquidity
Shareholders now cashed out, eliminating future public upside exposure

Key Figures

Equity value: $6.4 billion Cash consideration: $24.00 per share Premium to prior close: 31% +5 more

8 metrics

Equity value $6.4 billion Cash acquisition valuation by Hg

Cash consideration $24.00 per share Merger agreement payout to shareholders

Premium to prior close 31% Versus Jan 5, 2026 closing price at deal announcement

Premium to 30-day VWAP 27% Relative to 30-day VWAP at Jan 5, 2026

Deal-day move 28.38% Share price reaction on Jan 6, 2026 acquisition news

Term loan facility $1.4 billion New senior secured term loan to fund transaction

Revolving facility $250 million New revolving credit facility established at closing

Delayed draw term loan $600 million Additional delayed draw term loan facility

Market Reality Check

Price: $24.00 Vol: Volume 2,655,240 is 1.21x...

normal vol

$24.00 Last Close

Volume Volume 2,655,240 is 1.21x the 20-day average, modestly elevated into deal close. normal

Technical Trading above 200-day MA at 21.8, anchored around the $24 cash consideration.

Peers on Argus

Peers in Software - Infrastructure show mixed moves (e.g., BOX +0.72%, QLYS -0.8...

Peers in Software - Infrastructure show mixed moves (e.g., BOX +0.72%, QLYS -0.89%, ZETA +5.43%), with no common news or pattern tied to OneStream’s go-private deal.

Previous Acquisition Reports

1 past event · Latest: Jan 06 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jan 06	Acquisition announcement	Positive	+28.4%	Announced $6.4B all-cash sale to Hg at $24 per share with premium.

Pattern Detected

Acquisition news previously triggered a strong positive move aligned with the announced premium terms.

Recent Company History

On Jan 6, 2026, OneStream agreed to an all-cash acquisition by Hg valuing the company at about $6.4B, with shareholders receiving $24.00 per share, a 31% premium to the prior close. Shares reacted positively, rising 28.38%. Today’s announcement confirms completion of that transaction and delisting, with the company becoming privately held under Hg while keeping Tom Shea and the leadership team in place, consistent with the original terms.

Historical Comparison

+28.4% avg move · In the past 6 months, OneStream’s only prior acquisition headline on Jan 6, 2026 saw shares rise 28....

acquisition

+28.4%

Average Historical Move acquisition

In the past 6 months, OneStream’s only prior acquisition headline on Jan 6, 2026 saw shares rise 28.38% on the initial $24 offer, making today’s flat trading near the cash price consistent with a deal already priced in.

The acquisition storyline progressed from a definitive all-cash agreement at $24 per share in early 2026 to formal closing and delisting, with leadership continuity under Hg as previously disclosed.

Market Pulse Summary

This announcement confirms completion of Hg’s all-cash acquisition valuing OneStream at about $6.4B,...

Analysis

This announcement confirms completion of Hg’s all-cash acquisition valuing OneStream at about $6.4B, with shareholders receiving $24.00 per share and the stock ceasing to trade on Nasdaq. It finalizes a process first disclosed in January, when the same terms triggered a 28.38% move on announcement. Investors tracking this name now face a standard go-private outcome, with future performance occurring in the private markets under Hg’s ownership and existing leadership.

Key Terms

all-cash transaction, equity value, class a common stock, merger agreement, +1 more

5 terms

all-cash transaction financial

"The all-cash transaction values OneStream at approximately $6.4 billion in equity value."

An all-cash transaction is a deal where the full purchase price is paid immediately in cash or cash equivalents, rather than through financing or installment payments. For investors, this type of transaction often indicates a quick, straightforward sale and can signal confidence from the buyer, potentially affecting the value and perception of the involved assets.

equity value financial

"The all-cash transaction values OneStream at approximately $6.4 billion in equity value."

Equity value is the total worth of a company that belongs to its shareholders after subtracting debts and obligations, like the leftover value if you sold everything and paid off all bills. For investors, it shows what all shares combined are worth and helps compare what a stake in the company might be worth today; think of it as the market price of the whole company’s ownership pie.

class a common stock financial

"With the completion of the transaction, OneStream's Class A common stock has ceased trading on the NASDAQ."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

merger agreement regulatory

"shareholders are entitled to receive $24.00 per share in cash, on the terms and subject to the conditions set forth in the merger agreement."

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

fairness opinion financial

"J.P. Morgan Securities LLC is acting as financial advisor and provided a fairness opinion to OneStream"

A fairness opinion is a professional assessment that evaluates whether the terms of a financial deal, such as a merger or acquisition, are fair from a financial point of view. It helps investors and stakeholders understand if the deal is reasonable and balanced, much like an independent expert giving an unbiased judgment on whether a price or agreement is fair. This assurance can increase confidence that the transaction is fair for all parties involved.

AI-generated analysis. Not financial advice.

04/01/2026 - 10:37 AM

BIRMINGHAM, Mich., April 1, 2026 /PRNewswire/ -- OneStream, the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core Finance and operational functions – including financial close, consolidation, reporting, planning and forecasting – today announced the successful completion of its acquisition by Hg, a leading investor in European and transatlantic technology and services businesses. Minority investors include General Atlantic, a leading global investor, and Tidemark, a leading technology investment firm.

The all-cash transaction values OneStream at approximately $6.4 billion in equity value. With the completion of the transaction, OneStream's Class A common stock has ceased trading on the NASDAQ.

Backed by investors with deep expertise in scaling category-leading platforms for the Office of the CFO, OneStream is now privately held, with Tom Shea continuing to serve as CEO and the current OneStream leadership team remaining in place.

"Following an exceptional year of growth, including more than doubling our AI customers year over year in 2025, today's news marks an exciting next step for OneStream," said Tom Shea, founder and CEO of OneStream. "We believe the leaders in Finance AI will be defined over the next 24 to 36 months, and we are making deliberate, long-term decisions to lead at this critical inflection point. Our strategy, leadership, and commitment to customers and partners remain at the center of this. With Hg's partnership, we are well positioned to accelerate innovation, scale globally, and deliver even greater value to Finance leaders around the world."

"We see a tremendous opportunity with OneStream and their vision to be the operating system for Modern Finance," said Joe Jefferies, Partner at Hg. "There is a fundamental shift in how companies must deliver value in the age of AI. OneStream's powerful Finance AI differentiation brings AI and Agentic AI solutions to a company's contextualized business logic, making it a key player in the Finance AI sector. This, coupled with an already strong global customer base and clear vision, makes OneStream a critical addition to our Hg team and we look forward to helping them accelerate innovation and growth."

"We're excited to be a part of OneStream's next phase of growth through this acquisition," added Alan Cline, Partner and Head of North America at Hg. "We invest in category leaders, with strong platforms and long-term growth potential. OneStream continues to lead Finance AI and is uniquely positioned for tremendous growth in the future. We're excited to be a part of their continued expansion, innovation and value creation."

As a result of the transaction, OneStream shareholders are entitled to receive $24.00 per share in cash, on the terms and subject to the conditions set forth in the merger agreement. The transaction was approved by OneStream shareholders and obtained required regulatory approvals.

Advisors

J.P. Morgan Securities LLC is acting as financial advisor and provided a fairness opinion to OneStream, and Centerview Partners LLC provided a fairness opinion. Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as legal advisor. Goldman Sachs & Co. LLC is serving as exclusive financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Hg. Jones Day is serving as legal advisor to KKR. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as financing counsel to Hg. Deloitte & Touche LLP is providing financial & tax diligence, Bain & Company is providing commercial & technological diligence and Cruxy & Company is providing product strategy diligence, to Hg.

About OneStream

OneStream is how today's Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It's the leading enterprise Finance platform that unifies financial and operational data, embeds AI for better decisions and productivity and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,800 customers, including 18% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and 1,600 employees, our vision is to be the operating system for modern Finance. To learn more, visit onestream.com.

About Hg

Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers. We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation. With a vast European network and strong presence across North America, Hg has over $110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $195 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 18% annually.

About General Atlantic

General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. General Atlantic manages approximately $118 billion in assets under management, inclusive of all strategies, as of September 30, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: www.generalatlantic.com.

About Tidemark

Tidemark is a growth equity firm purpose-built to help companies win and scale. Tidemark is powered by a community of investors, entrepreneurs, and operators who are energized by ideas, a love of competition, and the drive to give back. We give 10% of our profits to our foundation, Tidemark10, to support the communities we serve. For more information, visit www.tidemarkcap.com

Contacts

OneStream

Media Contact
Victoria Borges
VP, Corporate Communications
OneStream
media@onestreamsoftware.com

Media Contact
Tom Eckersley
tom.eckersley@hgcapital.com

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SOURCE OneStream, Inc.

FAQ

What did OneStream (OS) announce on April 1, 2026 regarding an acquisition?

OneStream announced it was acquired by Hg for approximately $6.4 billion in equity value. According to OneStream, shareholders will receive $24.00 per share in cash and the company is now privately held following approvals.

Did OneStream (OS) remain public after the Hg acquisition on April 1, 2026?

No, OneStream's Class A common stock ceased trading on NASDAQ following the transaction. According to OneStream, the company is now privately held under Hg with existing leadership retained.

Who are the investors backing the OneStream (OS) buyout by Hg?

Hg led the acquisition with minority investors General Atlantic and Tidemark participating. According to OneStream, the investor group brings track records in scaling technology platforms for global expansion.

Will OneStream (OS) leadership change after the April 1, 2026 acquisition by Hg?

No immediate leadership change was announced; Tom Shea will continue as CEO and the current leadership team remains. According to OneStream, management will continue to lead operations under private ownership.

What strategic rationale did Hg give for acquiring OneStream (OS)?

Hg cited OneStream's Finance AI differentiation and position as an operating system for Modern Finance as the rationale. According to OneStream, Hg expects to help accelerate innovation, scale globally, and support future growth.

OneStream Announces Completion of Acquisition by Hg for $6.4 Billion