Hg Capitals proposal to acquire OneStream gets Australian regulatory approval | MLex | Specialist news and analysis on legal risk and regulation
Summary
Hg Capital proposed to acquire 100% of OneStream and OneStream Software through a special purpose vehicle, Onward AcquireCo. Australia's Competition & Consumer Commission cleared the deal, finding the firms do not compete closely because they serve different customers with different product ranges and quality. The regulator noted Hg is a private equity investor with portfolio companies that provide enterprise performance management software in Australia, while OneStream offers a platform that integrates core financial functions with operational data. The determination and rationale were issued publicly and attached to the regulator's decision.
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