Dayforce has entered into a $12.3 billion definitive agreement with private equity firm Thoma Bravo, taking the global HCM leader private to accelerate growth, innovation, and AI-powered workforce solutions.
HCM company, Dayforce, has entered into a definitive agreement with Thoma Bravo to become a private company.
Dayforce stockholders will receive $70 per share in cash, representing a 32% premium to the unaffected share price.
The transaction was made with the aim of accelerating Dayforce’s growth, customer value, and AI leadership in HCM.
Global human capital management (HCM) technology leader, Dayforce, has entered into a definitive agreement with private equity and software investment firm, Thoma Bravo, to become a privately held company.
The transaction has been approved by the Dayforce Board of Directors, and the all-cash transaction will have an enterprise value of US$12.3 billion.
Taking to LinkedIn, Dayforce’s Chair and CEO, David Ossip, expressed how proud he is of the deal, calling Thoma Bravo “one of the world’s leading software investment firms.”
In a statement, Ossip reiterated Dayforce’s primary business goal: to make work life better.
He added that Thoma Bravo’s commitment will help amplify this promise, ensuring Dayforce will grow, increase quantifiable value for customers, and “secure its position in AI as a generational software company.”
What’s more, Ossip explained that the partnership will “accelerate” Dayforce’s growth, with better focus, resources, and product innovation all directed toward advancing the company’s position as the HCM leader.
Holden Spaht, Managing Partner at Thoma Bravo, expressed in a statement that the business is “thrilled” to be investing in Dayforce, stating there it is “a clear category leader that is poised to define the future of HCM in the age of AI.”
He added: “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 opportunities to accelerate growth, deepen customer impact, and continue to drive innovation across the global HCM landscape.”
Dayforce stockholders will be entitled to US$70 per share in cash under the initial terms of the agreement, a 32% premium to the unaffected share price.
Once the transaction has been completed, Dayforce’s common stock will no longer be listed on the exchange.
Tara Gadgil, a Partner at Thoma Bravo commented that by pairing “relentless innovation with a deep commitment” Dayforce has built an “exceptional business”.
She added: “This combination has fueled strong growth and established Dayforce as a partner of choice in HCM. We are excited to build on this strong foundation and momentum alongside them, helping them to move faster, think bigger, and unlock even more market and product potential.”
The company will continue to operate under the Dayforce name and brand, and the transaction is expected to close in early 2026 subject to customary closing conditions.
Stay tuned for further updates on the transaction.
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Senior Journalist, UNLEASH
Lucy Buchholz is an experienced business reporter, she can be reached at lucy.buchholz@unleash.ai.
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