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Thoma Bravo acquires Dayforce in US$12.3 billion all-cash take-private deal

On February 4, 2026, software investment firm Thoma Bravo completed its take-private acquisition of Dayforce, Inc.,a global leader in human capital management (HCM) technology based in Minneapolis and Toronto, for approxomately US$12.3 billion (about C$16.8 billion).

The agreement also includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

Evercore served as exclusive financial advisor to Dayforce, with Wachtell, Lipton, Rosen & Katz providing U.S. legal counsel and Goodmans LLP serving as Canadian legal counsel. Thoma Bravo is advised by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as financial advisors, with legal counsel from McMillan LLP and Kirkland & Ellis LLP. Financing for the transaction is provided by Goldman Sachs & Co. LLC.

Merger & Acquisition
Tech/Computer/IT
$ 16,800,000,000
Closed
04 February 2026