Dayforce Inc. to Go Private in $12.3 Billion Deal with Thoma Bravo
In a significant move within the software industry, Dayforce Inc., a leading human capital management (HCM) software provider, has entered into a definitive agreement to be acquired by Thoma Bravo, a prominent private equity firm. This all-cash transaction, valued at $12.3 billion, marks a pivotal shift for Dayforce, transitioning from a publicly traded company on the New York Stock Exchange to a privately held entity.
Key Details of the Acquisition
The acquisition deal, confirmed by multiple sources including Investing.com, Reuters, and Nasdaq, stipulates that Dayforce shareholders will receive $70.00 per share in cash. This offer represents a substantial premium over Dayforce’s closing price of $67.4 on August 19, 2025, and is notably higher than its 52-week low of $48.005, reached on April 6, 2025. The transaction underscores Thoma Bravo’s strategic intent to bolster its software portfolio, aligning with its broader investment strategy in technology-driven sectors.
Strategic Implications
Dayforce, headquartered in the United States with international operations, specializes in software solutions that streamline human capital management processes. The acquisition by Thoma Bravo, known for its focus on technology and software investments, is expected to enhance Dayforce’s capabilities and market reach. This move is part of Thoma Bravo’s ongoing efforts to expand its footprint in the software industry, leveraging Dayforce’s established presence and expertise in HCM solutions.
Market Reaction
The announcement of the acquisition has been met with positive reactions from the market. Dayforce’s stock has seen an uptick, reflecting investor confidence in the deal’s strategic merits. The acquisition not only provides a lucrative exit for Dayforce’s shareholders but also positions Thoma Bravo to capitalize on the growing demand for advanced HCM solutions.
Conclusion
As Dayforce transitions to a privately held company under Thoma Bravo’s ownership, stakeholders anticipate a period of growth and innovation. The acquisition highlights the dynamic nature of the software industry and the strategic maneuvers by private equity firms to capture value in technology-driven markets. With a market capitalization of $8.53 billion prior to the deal, Dayforce’s integration into Thoma Bravo’s portfolio is poised to drive future advancements in human capital management technology.