OneStream Acquired by Hg Capital — Enterprise Software M&A

Hg Capital has acquired OneStream, a enterprise software business in the technology sector, for $20 billion. OneStream provides enterprise performance management and financial planning software used by large organizations to manage budgeting, reporting, and analytics. Hg Capital acquisitions typically focus on recurring revenue technology M&A, and a going private acquisition can support faster product investment and customer expansion for OneStream’s platform. The announced going private acquisition is valued above $100 million and fits Hg Capital’s private equity acquisition strategy in enterprise software. Expected close timing and deal advisors were not specified, but the enterprise software acquisition structure suggests a controlled transition to private ownership.