Dayforce Announces $12.3 Billion Sale to Thoma Bravo

Deal News | Aug 21, 2025 | Wachtell, Lipton, Rosen & Katz

Dayforce Announces $12.3 Billion Sale to Thoma Bravo

On August 21, 2025, Dayforce, Inc., a prominent player in the human capital management (HCM) technology sector, confirmed its acquisition by Thoma Bravo, a private equity firm, for $12.3 billion. This definitive agreement marks a significant move within the HCM industry, solidifying Thoma Bravo's positioning in this domain. Dayforce, publicly traded on NYSE and TSX under the ticker 'DAY,' harnesses cutting-edge technology to streamline payroll and HR management. The involvement of legal advisory by Wachtell, Lipton, Rosen & Katz indicates the complexity and significance of this transaction. The sale demonstrates the continued consolidation of the HCM technology marketplace as entities like Thoma Bravo seek to strengthen and expand their portfolio offerings. The acquisition is subject to regulatory approvals and other customary closing conditions.

Sectors

  • Human Capital Management Technology
  • Private Equity

Geography

  • United States – Dayforce, Inc. is listed on the NYSE, indicating its strong U.S. market presence, and Thoma Bravo is also a U.S.-based private equity firm.
  • Canada – Dayforce is also traded on the TSX, highlighting its relevance and operations within the Canadian market.

Industry

  • Human Capital Management Technology – Dayforce is a leader in HCM technology, which involves digital solutions for efficient management of human resources, payroll, and related functions.
  • Private Equity – Thoma Bravo, the purchasing entity, is a major player in the private equity industry, focusing on investments in software and technology-enabled services.

Financials

  • $12.3 billion – The total transaction value for the acquisition of Dayforce by Thoma Bravo.

Participants

NameRoleTypeDescription
Dayforce, Inc.TargetCompanyA leading company in the human capital management technology space, offering payroll and HR solutions globally.
Thoma BravoBidding CompanyCompanyA private equity firm that specializes in software and technology-enabled service sectors.
Wachtell, Lipton, Rosen & KatzLegal AdvisorCompanyProvided legal advisory services to Dayforce in its acquisition deal with Thoma Bravo.