Kirkland Advises Thoma Bravo on $12.3 Billion Definitive Agreement to Take Dayforce Private

Kirkland & Ellis advised Thoma Bravo, a leading software investment firm, on a definitive agreement with Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global leader in human capital management (HCM) technology, whereby Dayforce will become a privately held company in an all-cash transaction with an enterprise value of $12.3 billion. The transaction aims to accelerate Dayforce’s growth, customer value and AI leadership in HCM and is expected to close in early 2026, subject to customary closing conditions.

Read the transaction press release

The Kirkland team included corporate lawyers Cole Parker, Brad Reed, Brett Nelson and Josephine Bae; debt finance lawyers Brian Ford, Fred Lim and Alex Straka; capital markets lawyer Michael Keeley; tax lawyer Adam Kool; and technology & IP transactions lawyer Aaron Lorber.