Thoma Bravo to take Dayforce private
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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.
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,
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.