Dayforce taken private by Thoma Bravo for US$12.3 billion

Goodmans LLP advised Dayforce, Inc. as Canadian counsel in connection with its acquisition by Thoma Bravo in an all-cash transaction with an enterprise value of US$12.3 billion.

This transaction provided immediate and substantial value to Dayforce stockholders, and allowed Thoma Bravo to accelerate its business as the human capital management (HCM) leader for a world of work shaped by AI. Dayforce continues to operate under its name and brand.

Dayforce Inc. specializes in HCM software, selling payroll and other human-resources services, including benefits and work force and talent management administration, on a single online subscription-based platform. The company is based in Minneapolis but largely managed out of Canada.