Dayforce Inc. announced Thursday it has entered into a definitive agreement to be taken private by software investment powerhouse Thoma Bravo in a transaction valued at $12.3 billion. The blockbuster deal, steered by Wachtell Lipton for Dayforce and Kirkland & Ellis for Thoma Bravo, positions the human capital management (HCM) technology leader for accelerated growth in the age of artificial intelligence.
Under the terms, Dayforce shareholders will receive $70 per share in cash—a 32% premium over the company’s unaffected closing stock price on Aug. 15.
Abu Dhabi Investment Authority Joins the Play
The deal also includes a “significant” minority investment from a subsidiary of the Abu Dhabi Investment Authority, signaling international confidence in Dayforce’s strategy and growth potential.
Dayforce chair and CEO David Ossip hailed the move as transformative:
“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.”
