Jan 6 (Reuters) – Buyout firm Hg Capital will buy OneStream in an all-cash deal valued at $6.4 billion, the financial software maker said on Tuesday.
Shareholders will receive $24 per share in cash. The transaction is at a premium of 31% over the closing price of OneStream on Monday.
Reuters had exclusively reported in November that the financial software maker was exploring strategic options, including a possible sale, with Hg among the names studying possible bids for OneStream.
Birmingham, Michigan-based OneStream offers software products to help executives report financial statements to regulators and investors, and counts Toyota, UPS, News Corp and General Dynamics as customers, according to its website.
(Reporting by Pritam Biswas in Bengaluru; Editing by Alan Barona)
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