Thoma Bravo to take Dayforce private
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Private equity giant Thoma Bravo is reportedly circling Dayforce, a $1.76B cloud HCM leader, in what could be a landmark deal reshaping enterprise software.
Dayforce is in advanced acquisition talks with Thoma Bravo, offering $70 per share. The proposed $11.18 billion deal signifies another private equity buyout amid market consolidation, with firms like Thoma Bravo investing in recurring revenue software platforms as economic conditions remain uncertain.
Goldman Sachs (NYSE:GS) has lined up a $6B debt financing package to back private equity firm Thoma Bravo's acquisition of HR software provider Dayforce (NYSE:DAY), with terms still under discussion,