M&A Deal Summary

Dayforce Acquires eloomi

On January 18, 2024, Dayforce acquired internet software and services company eloomi from Kennet Partners and Great Hill Partners

Acquisition Highlights
  • This is Dayforce’s 4th transaction in the Internet Software and Services sector.
  • This is Dayforce’s 1st transaction in Denmark.

M&A Deal Summary

Date 2024-01-18
Target eloomi
Sector Internet Software and Services
Buyer(s) Dayforce
Sellers(s) Kennet Partners
Great Hill Partners
Deal Type Add-on Acquisition

Target

eloomi

Copenhagen, Denmark
eloomi is a cloud-based performance management and learning management system. eloomi was founded in 2015 and is based in Copenhagen, Denmark.

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Buyer(S) 1

Buyer

Dayforce

Minneapolis, Minnesota, United States

Category Company
Founded 1992
Sector Software
Revenue 1.8B USD (2024)
DESCRIPTION
Entrance to Dayforce's corporate headquarters in Minneapolis, Minnesota.
Entrance to Dayforce's corporate headquarters in Minneapolis, Minnesota.

Dayforce is a global human capital management software company using its cloud HCM platform to provide human resources, payroll, benefits, workforce management, and talent management functionality. It optimizes the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 14 of 14
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 14 of 14
Country: Denmark M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 ADAM HCM

Dallas, Texas, United States

ADAM HCM is a provider of payroll and human capital management (HCM) software and outsourcing services in Latin America and the Caribbean. The company’s core platform is designed to serve the multinational HR, workforce management, and payroll needs of global enterprises. ADAM HCM was founded in 1983 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Kennet Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kennet Partners is a private investment firm that invests in fast-growing companies providing information technology products and technology-enabled services. Kennet typically commits $10 to $50 million of equity per transaction in companies with revenues up to $50 million. The Firm generally invests in businesses located in Western Europe and the US. In addition to providing growth capital, Kennet also finances private mergers, shareholder liquidity needs, corporate divestitures or spin-outs, and restructuring situations. Kennet Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 41 of 41
Sector: Internet Software and Services M&A 7 of 7
Type: Add-on Acquisition M&A Deals 32 of 32
Country: Denmark M&A 1 of 1
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Screendragon

London, United Kingdom

Screendragon is a SaaS-based workflow automation provider. Screendragon is a work management platform that sells to agencies and enterprise marketing teams. The platform helps connect distributed teams and streamline complex workflows to help curate and deliver content to their end customers. Screendragon was founded in 2001 and is based in London, United Kingdom.

Buy -
SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 58 of 64
Sector: Internet Software and Services M&A 20 of 25
Type: Add-on Acquisition M&A Deals 35 of 40
Country: Denmark M&A 1 of 1
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-25 Vatica Health

Alpharetta, Georgia, United States

Vatica Health is a healthcare technology company that has developed a unique blend of proprietary technology and clinical teams that enable providers and payers to thrive in value-based care. Vatica’s platform represents the next generation of risk adjustment, quality of care, and quality of coding. Vatica is a fast-growing company solving today’s most complex healthcare problems with a talented team of disruptors, inventors and change agents who are not satisfied with the status quo and strive to make a difference. Vatica Health was founded in 2011 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Vivup

Farnham, United Kingdom

Vivup is a leading UK employee benefits provider specialising in health and wellbeing. The company delivers a fully customisable employee engagement platform that brings together employee benefits, wellbeing programmes, discounts and savings, recognition and reward, plus workplace communications. Vivup was founded in 2005 and is based in Farnham, United Kingdom.

Buy -