Deals

Thoma Bravo Agrees to Acquire Dayforce in $12.3 Billion Deal

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By Ryan Gould, Michelle F Davis, and Liana Baker

August 20, 2025 at 11:23 AM UTC

Updated on

August 21, 2025 at 1:13 PM UTC

Thoma Bravo has agreed to buy human resources software provider Dayforce Inc. in what is set to become one of the investment firm’s largest-ever deals.

The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works.