OneStream to be acquired by Hg for $6.4B ($24.00/share), 31% premium

OneStream, Inc.

All-cash transaction at $24.00/share values OneStream at ~$6.4B equity; 31% premium to Jan 5 close.
KKR holders (58% voting power) approved the deal; no further stockholder vote required.
CEO Tom Shea and current leadership team to remain; expected close H1 2026, subject to regulatory clearances.
Hg Saturn Fund leads; General Atlantic and Tidemark as minority investors; OneStream to become private.
OneStream must pay $207M termination fee under certain conditions; no financing contingency.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

OneStream, Inc. entered into Agreement and Plan of Merger with Onward AcquireCo, Inc., Onward Merger Sub 2, LLC, Onward Merger Sub, Inc. valued at $24.00 (effective 2026-01-06).

Action: entry
Agreement: merger
Counterparty: Onward AcquireCo, Inc., Onward Merger Sub 2, LLC, Onward Merger Sub, Inc.
Value: $24.00
Effective: 2026-01-06

Exact text from the filing

On January 6, 2026, OneStream, Inc. (“OneStream”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with OneStream Software LLC (“OneStream LLC” and, together with OneStream, the “OneStream Parties”), Onward AcquireCo, Inc. (“Parent”), Onward Merger Sub 2, LLC (“Merger Sub I”) and Onward Merger Sub, Inc. (“Merger Sub II” and, together with Merger Sub I, the “Merger Subs”).

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Source: SEC EDGAR

accession 0001193125-26-004772

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