Thoma Bravo to Take Olo Private in $2B Deal

Thoma Bravo has agreed to acquire Olo Inc., a restaurant technology SaaS platform, in an all-cash transaction valuing Olo at approximately $2 billion, with shareholders receiving $10.25 per share—a 65% premium over its pre-announcement price. The deal will take Olo private and is expected to close by the end of the year. Olo serves more than 750 restaurant brands globally with digital ordering and guest engagement solutions. Olo's leadership stated that the partnership with Thoma Bravo will enhance their vision for improved guest engagement and digital capabilities. Goldman Sachs advised Olo, and Kirkland & Ellis represented Thoma Bravo. Olo's stock price rose sharply following the acquisition announcement.