Dayforce (NYSE:DAY) has agreed to be acquired by Thoma Bravo in a deal valued at $12.3 billion, in an all-cash transaction that will make the company privately held.
Under the finalized terms, Dayforce shareholders will receive $70 per share, representing a 32% premium over the stock’s unaffected price prior to the announcement. The deal also includes a notable minority investment from a subsidiary fully owned by the Abu Dhabi Investment Authority.
Following the acquisition, Dayforce will retain its current name and brand, with the transaction expected to close in early 2026, pending standard closing conditions such as shareholder approval and regulatory clearance.
Evercore is acting as the exclusive financial adviser to Dayforce, while Goldman Sachs and JPMorgan are advising Thoma Bravo. In addition, Goldman Sachs is providing financing for the transaction.
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