Thoma Bravo Agrees to Acquire Dayforce in $12.3 Billion Deal (1)

Thoma Bravo has agreed to buy human resources software provider Dayforce Inc. in what is set to become one of the investment firm’s largest-ever deals.

The private equity giant will pay $70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32% premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works.

The deal values Dayforce at $12.3 billion including debt and includes a significant minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

Dayforce ...