Latham Advises on Financing for Thoma Bravo’s Completed US$12.3 Billion Acquisition of Dayforce

Thoma Bravo, the world’s largest software-focused investment firm, has announced the completion of its acquisition of Dayforce, Inc., a global human capital management leader that makes work life better, for approximately US$12.3 billion. The agreement to acquire Dayforce was previously announced on August 21, 2025, and was approved by Dayforce stockholders at the special meeting of stockholders held on November 12, 2025. The transaction closed on February 4, 2026.

Latham & Watkins LLP represented the financing sources 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 counsels Clever Gallegos, Katherine Page, and Katherine Webb, with associates Eric Dang, Yoojin DeNiro, and Korede Esan. Advice was also provided on tax matters by partner Bora Bozkurt and counsel Kathryn Harrington, with associate Shiyi Parsons.