Hg (Saturn Fund) Acquires OneStream in $6.4 Billion All-Cash Take-Private

January 6, 2026

Hg, through its Saturn Fund, entered into a definitive agreement to acquire OneStream in an all-cash transaction valued at approximately $6.4 billion, with shareholders receiving $24.00 per share. OneStream’s Class A common stock stopped trading on Nasdaq following deal completion on April 1, 2026, and OneStream continues under CEO Tom Shea and the existing leadership team.

Buyers
Hg, Onward AcquireCo, Inc., Onward Merger Sub 2, LLC, Onward Merger Sub, Inc.
Targets
OneStream, Inc., OneStream Software LLC
Sellers
KKR (funds managed by KKR & Co. Inc.)
Industry
Software
Location
Michigan, United States
Transaction Type
Buyout

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