Thoma Bravo to take Dayforce private
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A buyout firm reportedly has Dayforce in its sights. Shares of the HR software group are soaring.
Buyout firm Thoma Bravo could announce a deal in the next few weeks to take Dayforce private, Bloomberg reported on Monday, citing sources.
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Axios on MSNHR software firm Dayforce going private for $12.3 billion
Axios Visuals Thoma Bravo has agreed to buy Dayforce, a Minneapolis-based HR software provider, for $12.3 billion. Why it matters: This comes against the backdrop of a weakening U.S. labor market, which could set the stage for additional HR tech mergers.
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,
Thoma Bravo is reportedly in advanced talks to acquire Dayforce, valuing the HR software firm at $8.4 billion as shares rebound on buyout speculation.