Shares of OneStream Inc., a software company specializing in financial management solutions, have seen a marked increase in market value after confirming plans to transition from a publicly traded entity to a privately held company. This transition is driven by a comprehensive all-cash acquisition led by Hg, a private equity firm, valuing the company at $6.4 billion.
The acquisition agreement stipulates that all outstanding shares of OneStream, including those held by investment funds managed by KKR — a prominent global investment firm responsible for taking OneStream public in 2024 — will be purchased by an entity under Hg's control. Once the transaction closes, expected within the first half of the current year, Hg will assume the role of majority voting shareholder. In addition to Hg, both General Atlantic and Tidemark will maintain significant minority positions in the privately held company.
Under the terms of the deal, existing shareholders of OneStream will receive $24 for each share they currently own, paid in cash. This premium has contributed substantially to the recent bullish activity in the company's stock, with shares rising by over 28 percent to reach approximately $23.59 at the time of reporting.
This development positions OneStream for strategic shifts under private ownership while providing liquidity and a definitive valuation to its public shareholders. The transaction highlights increased private equity interest in the financial management software sector and the opportunities perceived in OneStream's business model.
While the outlined acquisition terms provide clarity regarding ownership transition and shareholder compensation, the precise implications for OneStream's operational direction post-privatization remain to be fully disclosed. Both General Atlantic and Tidemark's continued minority stakes suggest ongoing involvement in the company's trajectory.
Market observers will be closely monitoring the regulatory approval process and finalization timeline, as completing the transaction depends on customary closing conditions and clearances. The closure within the stated first-half timeframe would enable the new ownership group to advance strategic initiatives without the constraints of public market pressures.
Overall, the acquisition indicates a significant phase for OneStream, transitioning from public market dynamics towards a privately held structure designed to potentially facilitate long-term growth and operational flexibility under Hg’s stewardship.
The acquisition agreement stipulates that all outstanding shares of OneStream, including those held by investment funds managed by KKR — a prominent global investment firm responsible for taking OneStream public in 2024 — will be purchased by an entity under Hg's control. Once the transaction closes, expected within the first half of the current year, Hg will assume the role of majority voting shareholder. In addition to Hg, both General Atlantic and Tidemark will maintain significant minority positions in the privately held company.
Under the terms of the deal, existing shareholders of OneStream will receive $24 for each share they currently own, paid in cash. This premium has contributed substantially to the recent bullish activity in the company's stock, with shares rising by over 28 percent to reach approximately $23.59 at the time of reporting.
This development positions OneStream for strategic shifts under private ownership while providing liquidity and a definitive valuation to its public shareholders. The transaction highlights increased private equity interest in the financial management software sector and the opportunities perceived in OneStream's business model.
While the outlined acquisition terms provide clarity regarding ownership transition and shareholder compensation, the precise implications for OneStream's operational direction post-privatization remain to be fully disclosed. Both General Atlantic and Tidemark's continued minority stakes suggest ongoing involvement in the company's trajectory.
Market observers will be closely monitoring the regulatory approval process and finalization timeline, as completing the transaction depends on customary closing conditions and clearances. The closure within the stated first-half timeframe would enable the new ownership group to advance strategic initiatives without the constraints of public market pressures.
Overall, the acquisition indicates a significant phase for OneStream, transitioning from public market dynamics towards a privately held structure designed to potentially facilitate long-term growth and operational flexibility under Hg’s stewardship.