'Financial Software Maker OneStream Exploring Potential Sale; Private Equity Firms Including Blackstone And HG Among Those Studying Potential Bids For OneStream, Sources Say' - Reuters Exclusive

Author: Benzinga Newsdesk | November 05, 2025 03:49pm

• OneStream's share price down 45% from peak valuation
• Company working with JPMorgan on strategic options
• Private equity firms Blackstone and Hg consider bids for OneStream

Nov 5 (Reuters) - Financial software maker OneStream OS.O is exploring strategic options including a possible sale, less than 18 months after its stock market debut, according to three people familiar with the matter.

OneStream has been working with investment bankers at JPMorgan Chase JPM.N on its options, the sources said, noting that deliberations are at an early stage and there is no guarantee of any transaction involving the company.

Private equity firms including Blackstone BX.N and Hg are among the names that the sources said have been studying possible bids for OneStream in recent weeks.

OneStream has become vulnerable to a potential takeover offer due to its share-price struggles: it is trading roughly 45% lower than its peak valuation in November 2024, according to LSEG data.

On Wednesday, it was trading at around $18.87, giving OneStream a market value of $4.6 billion.

The sources all spoke on condition of anonymity to discuss private deliberations.

Spokespeople for OneStream did not respond to Reuters' request for comment, while representatives for JPMorgan, Blackstone and Hg declined to comment.

OneStream is due to report third-quarter earnings after the market closes on Thursday.

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