Latham Advises on Financing for Hg’s Completed Acquisition of OneStream for US$6.4 Billion

OneStream, the enterprise finance management platform that modernizes the office of the CFO by unifying core finance and operational functions — including financial close, consolidation, reporting, planning, and forecasting — has announced the successful completion of its acquisition by Hg, a leading investor in European and transatlantic technology and services businesses. Minority investors include General Atlantic, a leading global investor, and Tidemark, a leading technology investment firm. The all-cash transaction values OneStream at approximately US$6.4 billion in equity value. With the completion of the transaction, OneStream's Class A common stock has ceased trading on the Nasdaq.

Latham & Watkins LLP represented the financing sources supporting the acquisition with a Banking & Private Credit team led by partners Alfred Xue and Josh Holt and counsels Juan Carlos Olivares and Katherine Page, with associates Jazmine Gordon and April Yoon. Advice was also provided on tax matters by partner Bora Bozkurt and counsel Kathryn Harrington; on government contracts matters by partner Dean Baxtresser, with associate Chris Caulder; on executive compensation, employment, and benefits matters by partner Benjamin Rosemergy, with associate Tayler Evan Daniels; on intellectual property matters by associate Zachary Shufro; and on data privacy and cyber security matters by associate Zac Alpert.