Latham Advises on Financing for Dayforce’s US$12.3 Billion Agreement With Thoma Bravo to Become a Private Company

Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global leader in human capital management (HCM) technology, has announced that it has entered into a definitive agreement with Thoma Bravo, a leading software investment firm, to become a privately held company in an all-cash transaction with an enterprise value of US$12.3 billion. The transaction, which was approved by the Dayforce Board of Directors, is expected to close in early 2026, subject to customary closing conditions.

Latham & Watkins LLP represented the financing source in the transaction with a team led by Alfred Xue, Global Vice Chair of the Banking & Private Credit Practice, Stelios Saffos, Global Chair of the Capital Markets and Public Company Representation Practices and Global Co-Chair of the Hybrid Capital Practice, Peter Sluka, Global Co-Chair of the Hybrid Capital Practice, partner Jesse Sheff, and counsel Clever Gallegos and Katherine Page, with associates Katherine Webb, Eric Dang, and Heream Yang. Advice was also provided on tax matters by partner Bora Bozkurt, with associates Kathryn Harrington and Shiyi Parsons.