Deals

The Dayforce playbook: what a $12.7B take-private reveals

The Dayforce playbook: what a $12.7B take-private reveals

The Thoma Bravo deal offers a clear read on how private equity is underwriting mature SaaS.

The Thoma Bravo deal offers a clear read on how private equity is underwriting mature SaaS.

Rookonomy Desk

The familiar architecture of a software buyout

Thoma Bravo’s agreement to take Dayforce private is a case study in the current PE playbook: buy a durable platform, tighten operating discipline, and create room for a future exit.

The lesson is not that every SaaS company is a buyout target. It is that cash generation, customer stickiness, and the path to efficiency remain the metrics that matter most.

Rookonomy · Finance, demystified.