KKR to Book 4.5 Times Return on OneStream Via Latest Buyout

KKR & Co. has more than quadrupled its money in a bet on financial software maker OneStream Inc.

The buyout firm expects to book a return of 4.5 times on its investment in OneStream after the company agreed this week to be sold to Hg for $6.4 billion, according to people familiar with the matter, who asked to not be identified because the details aren’t public. KKR now expects to post a gross internal rate of return of 24.9% based on its initial investment in the company in 2019, the people said.