US EditionDayforce to Go Private in $12.3b Thoma Bravo Buyout - Minneapolis / St ...
Thoma Bravo's $11.18 billion bid offers a 32.4% premium for Dayforce, reflecting a trend of private equity acquiring tech firms amid market shifts and strong financial growth.
- Dayforce Inc. confirmed it is in talks with Thoma Bravo, a U.S. private equity firm, regarding privatization of the company.
- A broader privatization trend shows many Canadian technology companies that went public in 2020–21 are now going private, driving buyout activity including HR software consolidation by Paychex and Automatic Data Processing .
- Total revenue for Q2 reached nearly $465 million, with recurring revenue hitting $315.5 million, up 13.6% year-over-year, Dayforce said.
- If approved, the company’s common stock will be delisted from public stock exchanges, with the transaction expected to close in early 2026, Dayforce said.
- Thoma Bravo called Dayforce a category leader poised to define HCM’s future in AI, and both said the company will continue under the Dayforce brand with financing by Goldman Sachs & Co.
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The private equity company Thoma Bravo has signed an agreement to acquire Dayforce, valued at US 12.3 billion.
·Montreal, Canada
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Bowen Island Undercurrent+8 Reposted by 8 other sources
Thoma Bravo signs deal to buy Dayforce in deal valued at US$12.3 billion
TORONTO — Private equity firm Thoma Bravo has signed a deal to acquire Dayforce Inc. in a deal valued at US$12.3 billion. Under the agreement, Dayforce shareholders will receive US$70 per share in cash.
Dayforce to Be Acquired by Thoma Bravo in $12.3 Billion Deal
·New York, United States
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Total News Sources25
Leaning Left12Leaning Right1Center4Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 24%
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