Dayforce provides software that helps businesses manage recruiting, payrolls and employee career development. Photo by Thomas Fuller/SOPA Images/LightRocket/Getty Images

Thoma Bravo has agreed to buy human resources software provider Dayforce Inc. in what is set to become one of the investment firm’s largest-ever deals.

The private equity giant will pay US$70 a share in cash for Minneapolis-based Dayforce, according to a statement Thursday. The price represents a roughly 32 per cent premium to Dayforce’s stock price on Aug. 15, the last trading session before Bloomberg News reported that a deal was in the works.

Shares in Dayforce closed roughly 3 per cent higher in New York on Wednesday at US$67.40, giving the company a market value of about US$10.8 billion. The deal values Dayforce

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