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OneStream In Hg’s Crosshairs: The Hidden Synergies Powering This Potential Deal!

The financial software space is abuzz with speculation as UK-based private equity firm Hg reportedly enters advanced discussions to acquire OneStream Inc., a Michigan-based enterprise performance management (EPM) software provider. According to a Bloomberg report, a deal could be announced in the coming days, although timing and terms remain fluid. OneStream’s stock surged 3.8% on Monday and jumped as much as 15% in premarket trading on Tuesday, pushing its market value to approximately $4.5 billion. The acquisition interest comes after a difficult year for OneStream, with shares down roughly 35% in the last 12 months. Despite the setback, OneStream continues to support 18% of the Fortune 500 and has remained a prominent player in cloud-based financial planning and analytics. The potential deal follows its $563.5 million IPO in 2024 backed by KKR & Co. and others.