Approved · Notification · Phase 1 · decided in 26 days, 17 Mar 2026
Hg Pooled Management Limited (Hg Capital), via Onward AcquireCo, Inc., acquired 100% of the share capital in OneStream, Inc. and OneStream Software LLC. This transaction is in enterprise performance management software solutions. Hg Capital's portfolio includes insightsoftware, Prophix, and LucaNet, complementing OneStream's Digital Finance Cloud platform.
Hg Pooled Management Limited ( Hg Capital ) through a special purpose vehicle, Onward AcquireCo, Inc., proposes to acquire 100% of share capital in Onestream, Inc and OneStream Software LLC (together OneStream ). Hg Capital is a private equity firm focussed on investment in Europe and the US. Hg Capital’s portfolio companies include GS Topco GP LLC (insightsoftware), Prophix Software Inc (Prophix), and LucaNet Group GmbH (LucaNet). These companies provide various enterprise performance management software solutions throughout Australia for financial consolidation, budgeting, analysis, and planning and management reporting. OneStream is a software provider offering a platform that unifies an enterprise's core financial functions and broader operation data and processes to increase the strategic impact of the Office of the CFO. OneStream's platform – the Digital Finance Cloud – provides capabilities centred on financial close and consolidation, and financial and operational planning and reporting (i.e. enterprise performance management).