The all-cash transaction was approved by OneStream shareholders and received the necessary regulatory approvals. As part of the merger agreement, shareholders are entitled to receive $24.00 per share in cash. This acquisition is expected to enhance OneStream's capabilities and accelerate its growth trajectory, particularly in the rapidly evolving finance AI sector.
Tom Shea, founder and CEO of OneStream, expressed enthusiasm about the acquisition, stating, "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. 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."
Hg's investment is anticipated to provide OneStream with the resources and expertise necessary to scale its operations and innovate further in the finance technology space. Joe Jefferies, a partner at Hg, highlighted the potential of OneStream's platform, stating, "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."
The merger involved the cancellation of outstanding shares of OneStream's Class A and Class D common stock, which were converted into cash at the agreed per-share price. Additionally, the transaction included the cancellation of common units of OneStream LLC, which were also converted into cash. The completion of the merger signifies a change in control for OneStream, with the company now operating under the ownership of Hg and its affiliates.
As OneStream embarks on this new chapter, the leadership team, including CEO Tom Shea, will remain in place to guide the company through its next phase of growth. The acquisition is expected to position OneStream favorably in the competitive landscape of finance technology, enabling it to deliver greater value to finance leaders worldwide.
