Buyout Firm Hg to Take OneStream Private in $6.4 Billion Deal

Buyout firm Hg has agreed to acquire OneStream Inc. in a deal valuing the financial software maker at an equity value of about $6.4 billion.

Hg will be the majority voting shareholder, with General Atlantic and Tidemark holding minority positions, according to a statement confirming an earlier report by Bloomberg News. OneStream shareholders will get $24 a share in cash, representing a 31% premium to Monday’s closing price.

Shares of OneStream, which had sunk 35% in the past year through Monday, jumped as much as 30% Tuesday. They were up 28% to $23.58 at 12:36 p.m. in New York trading, ...