Buyout firm Hg is in discussions with private credit lenders over a loan of around $3bn to help finance its agreed acquisition of OneStream, according to a report by Bloomberg citing people familiar with the matter.
The talks involve Goldman Sachs Alternatives and Blue Owl Capital, with the proposed financing structured as an annual recurring revenue loan. Sources said the size of the facility could be reduced if additional equity investors join the transaction, adding that discussions remain at an early stage and terms may change.
Hg announced earlier this month that it had agreed to take OneStream private in a $6.4bn deal alongside minority investors General Atlantic and Tidemark Capital. The loan would be raised at the portfolio company level, with proceeds used to replace part of Hg’s equity commitment.
OneStream, which provides financial planning and consolidation software to CFOs and finance teams, listed in 2024.
