Dayforce, a provider of human capital management (HCM) technology, announced that it has entered into a definitive agreement with software investment firm Thoma Bravo to become a privately held company in an all-cash transaction valued at $12.3 billion. Under the agreement, Dayforce stockholders will receive $70.00 per share in cash, reflecting a 32% premium over its unaffected closing price on August 15, 2025.
The deal, which also includes a minority investment from the Abu Dhabi Investment Authority, has been unanimously approved by the Dayforce Board of Directors and is expected to close in early 2026, subject to shareholder and regulatory approvals. Upon completion, Dayforce’s common stock will be delisted, though the company will continue operating under its name and brand.
David Ossip, Chair and CEO of Dayforce said, “With Thoma Bravo, we are partnering with a truly special organization to accelerate our business - with our focus, resources, and product innovation all laser-pointed on leaping forward as the HCM leader for a world of work shaped by AI.” Gerald Throop, Lead Independent Director, added that the transaction provides “immediate and substantial value” to shareholders.
Thoma Bravo Executives also praised Dayforce’s platform, citing its scale, innovation, and growth potential. The transaction is supported by financing from Goldman Sachs & Co. LLC, with legal counsel and advisory roles from Evercore, Wachtell, Lipton, Rosen & Katz, J.P. Morgan Securities, and Kirkland & Ellis.
