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15 handpicked stocks

Enterprise Software Buyout Boom

Private equity firm Thoma Bravo is acquiring HCM software leader Dayforce for $12.3 billion, taking the company private. This major deal highlights a trend of consolidation in the enterprise software sector, creating potential opportunities for other publicly-traded HCM and AI-focused software companies.

Author avatar

Han Tan | Market Analyst

Published on August 23

Your Basket's Financial Footprint

This basket's total market capitalisation is 147,078.79 and is anchored by a few very large-cap positions, giving it a generally stable, large-cap profile.

Key Takeaways for Investors:
  • Tends to be lower volatility: large-cap dominance suggests more stability and returns that broadly track the market.
  • Suitable as a core holding: may provide broad, defensive exposure rather than a speculative allocation.
  • Expect steady, long-term appreciation rather than rapid, short-term gains; growth likely moderate.
Total Market Cap
  • DAY: $10.78B

  • WDAY: $65.59B

  • PAYC: $11.64B

  • Other

About This Group of Stocks

1

Our Expert Thinking

Private equity giant Thoma Bravo's £12.3 billion acquisition of Dayforce signals a major consolidation trend in enterprise software. This massive deal suggests that other publicly-traded HCM and AI software companies with similar subscription-based models and recurring revenue streams could be attractive M&A targets, potentially trading at undervalued prices.

2

What You Need to Know

These companies operate in the high-growth enterprise software sector, focusing on Human Capital Management and artificial intelligence platforms. They typically provide cloud-based solutions for critical business functions like HR, payroll, and data management, generating predictable recurring revenue through subscription models that private equity firms find particularly attractive.

3

Why These Stocks

Each company in this group was handpicked based on their position as established or emerging leaders in enterprise and AI software sectors. The substantial premium paid in the recent Dayforce deal suggests these competitors with similar profiles might benefit from continued industry consolidation and M&A speculation.

Why You'll Want to Watch These Stocks

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M&A Premium Potential

The £12.3 billion Dayforce deal shows private equity is paying substantial premiums for quality enterprise software companies. Similar firms in this group could be next in line for lucrative buyout offers.

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Consolidation Wave Building

Thoma Bravo's massive acquisition signals the start of a broader consolidation trend in enterprise software. Companies with recurring revenue models are becoming prime targets for private equity buyouts.

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Expert-Validated Targets

These stocks were carefully selected based on their similarity to Dayforce's successful profile. Each company operates in high-demand sectors that private equity firms are actively pursuing for acquisition.

Get the full story on this Basket. Read our detailed article on its risks and potential.

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