Dayforce To Go Private In $12.3 Billion Thoma Bravo Deal

Dayforce Inc. (DAY), a human capital management software provider, has agreed to a buyout deal with private equity firm Thoma Bravo. The transaction will transform Dayforce into a privately held company in a deal valued at $12.3 billion.

As part of the all-cash agreement, existing shareholders of Dayforce will receive $70.00 per share. This represents a 32% premium based on the company’s share price before speculation of the deal surfaced on August 15. 

The agreement also includes a minority investment by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Dayforce stock traded over 1% higher in Thursday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels. 

The board of directors at Dayforce has unanimously backed the acquisition. The transaction is anticipated to close in early 2026, pending regulatory clearance and a vote of approval from Dayforce shareholders. 

“The board of directors believes this transaction will provide immediate and substantial value to Dayforce stockholders and recognizes the valuable organization that the team has built,” said Lead Independent Director of Dayforce, Gerald Throop.

Once the deal is finalized, Dayforce will be delisted from public stock exchanges and operate as a privately held entity. Dayforce emerged from a restructuring of Control Data Corporation in 1992. Previously known as Ceridian HCM Holding, it went public in April 2018. The company provides AI-powered software for managing recruitment, payroll, and employee career development.

“We are thrilled to be investing in Dayforce, a clear category leader that is poised to define the future of HCM in the age of AI,” said Holden Spaht, Managing Partner at Thoma Bravo.

Dayforce stock has lost over 7% in 2025 and has gained over 23% in the last 12 months. 

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