On August 21, 2025, Dayforce, Inc. (NYSE:DAY; TSX:DAY), a global leader in human capital management (HCM) technology based in Minneapolis and Toronto, announced it has agreed to be taken private by software investment firm Thoma Bravo in an all-cash deal valued at US$12.3 billion (about C$16.8 billion). Stockholders will receive US$70.00 per share in cash, a 32% premium over the company’s unaffected closing price on August 15, 2025. The agreement also includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

The transaction, unanimously approved by the Dayforce Board, is expected to close in early 2026, subject to stockholder and regulatory approvals. Upon completion, Dayforce will remain under its current brand but will be delisted from public exchanges.Evercore is serving 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 Kirkland & Ellis LLP. Financing for the transaction is being provided by Goldman Sachs & Co. LLC.