Thoma Bravo to Acquire Dayforce for $12.3 Billion

August 23, 2025
Dayforce has entered into a definitive agreement with Thoma Bravo to become a privately held company in a $12.3 billion all-cash transaction, announced on August 21, 2025.

Dayforce has entered into a definitive agreement with Thoma Bravo to become a privately held company in an all-cash transaction valued at $12.3 billion, announced on their website. Under the terms of the agreement, Dayforce stockholders will receive $70.00 per share in cash, representing a 32% premium over the company's unaffected closing share price on August 15, 2025.

The transaction, which includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority, is expected to close in early 2026, subject to customary closing conditions and approvals. Upon completion, Dayforce's common stock will no longer be listed on any public stock exchange, but the company will continue to operate under its current name and brand.

Thoma Bravo, a leading software investment firm, sees this acquisition as an opportunity to accelerate Dayforce's growth and innovation in the human capital management sector, particularly in AI leadership. The deal has been approved by Dayforce's Board of Directors and is not subject to a financing condition.

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