Dayforce, a provider of human capital management (HCM) technology, announced that it has signed a definitive agreement with software investment firm Thoma Bravo to be acquired in an all-cash deal valued at $12.3 billion. Under the agreement, shareholders will receive $70 per share, representing a 32% premium over the company’s closing price on August 15, 2025, before reports of a potential sale.
The deal, which also includes a minority investment from the Abu Dhabi Investment Authority, has been unanimously approved by the Dayforce Board and is expected to close in early 2026, subject to regulatory and shareholder approvals.
David Ossip, Chair and CEO of Dayforce, stated, “Dayforce has always stood for a bold promise: to make work life better.” He added, “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 AII.”
Managing Partner Holden Spaht commented, “Dayforce’s differentiated platform, global scale, and world-class team make it well-positioned to meet the growing and evolving needs of employers and employees around the world. We see significant opportunity to accelerate growth, deepen customer impact, and continue to drive innovation across the global HCM landscape.”
Tara Gadgil, a Partner at Thoma Bravo, noted, “Dayforce has built an exceptional business by pairing relentless innovation with a deep commitment to its customers.” Upon completion, Dayforce will operate as a private company under its existing name and brand, with Evercore advising Dayforce and Goldman Sachs, J.P. Morgan, and Kirkland & Ellis supporting Thoma Bravo.