Thoma Bravo Completes US$12.3 Billion Take-Private Acquisition of Dayforce

Thoma Bravo has completed its take-private acquisition of Dayforce, Inc., a global leader in human capital management (HCM) technology, in a transaction valued at approximately US$12.3 billion. Completed on February 4, 2026, the landmark transaction brings Dayforce, whose technology supports organizations with workforce management, payroll, talent and related HCM functions, under the ownership of Thoma Bravo, a leading software-focused investment firm.

The acquisition represents a significant transaction in the global enterprise software sector, reflecting continued private equity interest in scalable technology platforms with strong positions in critical business functions. The cross-border transaction involved extensive Canadian legal regulatory considerations, with Canadian counsel working alongside Kirkland & Ellis LLP to advise Thoma Bravo across transaction-related matters.

Advisory Team:

McMillan LLP

Michael P. Whitcombe

Caroline Samara

Rima Halabi

Charlotte Scott

Andrew Stirling

Paul Barbeau

Paul Boshyk

David Fanjoy

Kari Kim-Gallately

Peter Giddens

Kaleigh Zimmerman

Kristen Pennington

Robbie Grant

Dr. A. Neil Campbell

William Wu

Tayler Farrell

Brigid Martin

Maria Sagan

Shahen A. Mirakian