Hg Capital - OneStream
MN-55006
View on ACCC websiteStage
Phase 1 - initial assessment
Effective Notification
19/02/2026
End of Determination Period
07/04/2026
Determination Published
17/03/2026 (26 cal / 17 bus. days)
Determination
Acquirers
Hg Pooled Management Limited
OnwardAcquireCo, Inc
Targets
OneStream, Inc.
Other parties
GS Topco GP LLC
LucaNet Group GmbH
Prophix Software Inc
Description
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).
Industries
Timeline & Events
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Merger notified to ACCC
19/02/2026