{"id":106787,"date":"2025-08-22T00:00:00","date_gmt":"2025-08-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adia-backs-usd-12-3-bn-dayforce-buyout\/"},"modified":"2025-08-22T00:00:00","modified_gmt":"2025-08-22T00:00:00","slug":"adia-backs-usd-12-3-bn-dayforce-buyout","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/22\/adia-backs-usd-12-3-bn-dayforce-buyout\/","title":{"rendered":"Adia backs USD 12.3 bn Dayforce buyout"},"content":{"rendered":"

An Abu Dhabi Investment Authority (Adia) subsidiary <\/strong>will take a \u201csignificant\u201d minority <\/strong>stake in <\/strong>HR software provider Dayforce <\/strong>as part of a USD 12.3 bn buyout led by private equity firm Thoma Bravo, according to a statement<\/a>. The transaction, expected to close early next year subject to stockholder and regulatory approval, will also see Dayforce go private. It\u2019s not clear how much Adia invested in the transaction.<\/p>\n

Under the terms of the agreement<\/strong>, Dayforce shareholders will receive USD 70 per share in banknotes, valuing the equity at about USD 11.2 bn, according to <\/span>Reuters<\/a>. The offer represents a 32.4% premium to the company\u2019s closing price on 15 August, when reports of transaction talks first surfaced. Including debt, the agreement values Dayforce at USD 12.3 bn.<\/span><\/p>\n

Relief for Dayforce?<\/strong> Dayforce \u2014 formerly Ceridian HCM Holding \u2014 has lost around 7% of its market value so far this year, underperforming peers, though its stock rose c.2% after the announcement. Analysts say the buyout will ease its debt burden and give it room to accelerate AI product development and expand internationally.<\/p>\n

\u201c<\/strong>Going private gives us more space, flexibility and resources to go much deeper on what matters the most<\/strong>, which is accelerating our focus on being that AI leader in [human capital management],\" CEO Davis Ossip said. <\/p>\n

REFRESHER- This isn\u2019t Adia\u2019s first interaction with Thoma Bravo. <\/strong>Earlier in May<\/a>, the sovereign fund finalized its acquisition of a significant minority stake in US data analytics firm Qlik, where Thoma Bravo remains the majority shareholder. That agreement was valued at around USD 1 bn<\/a>.<\/p>\n

Adia likes big data firms: <\/strong>The fund also joined a consortium including asset managers BlackStone and Vista last year to acquire software provider Smartsheet<\/a> for USD 8.4 bn.<\/p>\n

ADVISORS- <\/strong>Goldman Sachs & Co and JP Morgan Securities are acting as financial advisors to Thoma Bravo, with Kirkland & Ellis providing counsel. Dayforce tapped Wachtell, Lipton, Rosen & Katz for legal advice and Evercore as its financial advisor. <\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is expected to close early next year<\/p>\n","protected":false},"author":1,"featured_media":106788,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[368,164,7,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-investment-authority","tag-amanat-holdings","tag-enterpriseam-uae","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"9bf4c05b-1d97-4d0c-9188-5328b00fdf41","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/889.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adia joins Thoma Bravo in USD 12.3 bn buyout of HR software provider Dayforce","related_issue":[106782],"teaser":"The transaction is expected to close early next year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.3c9ab851-1aa3-4e01-b52a-d5aab93c210f.mp3"},"yoast_head":"\nAdia backs USD 12.3 bn Dayforce buyout - 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