Thoma Bravo to take Dayforce private
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Goldman Sachs (NYSE:GS) has lined up a $6B debt financing package to back private equity firm Thoma Bravo's acquisition of HR software provider Dayforce (NYSE:DAY), with terms still under discussion,
Private equity group Thoma Bravo secured carte blanche from backers of its latest funds for it to allocate a cut of buyout deals to other investors, in the latest sign of how some firms are adapting to rapidly changing dynamics in the industry.
Insight Partners is in talks to sell Israeli cybersecurity firm Armis to Thoma Bravo for $5B, possibly ahead of an IPO. Insight Partners could gain up to $3B.