Particle.news
Download on the App Store
8 ARTICLES
·
yesterday

Thoma Bravo to Take Dayforce Private at $70 a Share in $12.3 Billion Deal

A minority stake from an ADIA subsidiary helps finance the transaction set to close early next year.

Image
Image
Image
(Dayforce)

Overview

  • Dayforce and Thoma Bravo announced a definitive all-cash agreement to take the HR software company private.
  • Shareholders will receive $70 per share, valuing the equity at about $11.18 billion and the transaction at $12.3 billion including debt.
  • A subsidiary of the Abu Dhabi Investment Authority will make a minority investment alongside Thoma Bravo.
  • The companies expect to close the deal early next year subject to customary approvals and closing conditions.
  • Reports of a potential takeover earlier in the week triggered a roughly 26% surge in Dayforce shares, as Thoma Bravo continues to target software firms with recurring revenue and AI potential.