HgCapital and General Atlantic to Acquire OneStream

Paul, Weiss is advising HgCapital and General Atlantic in connection with the all-cash take-private acquisition of leading enterprise finance management platform OneStream, Inc., valuing OneStream at approximately $6.4 billion in equity value. Paul, Weiss is also advising the HgCapital and General Atlantic consortium on the financing aspects of the acquisition. Under the terms of the transaction, OneStream shareholders will receive $24.00 per share in cash, and the HgCapital-controlled entity will acquire OneStream’s outstanding shares, including those owned by KKR. HgCapital will be OneStream’s majority voting shareholder and General Atlantic will be a significant minority investor, alongside Tidemark. The transaction is expected to close in the first half of 2026.

The Paul, Weiss team advising General Atlantic is led by corporate partners Matthew Abbott and Austin Pollet, and includes executive compensation partner Jarrett Hoffman and tax partner Lindsay Parks.

The Paul, Weiss team advising the HgCapital and General Atlantic-led consortium is led by corporate partners Eric Wedel and Ben Steadman and includes partner Caroline Epstein.