Olo to be acquired by Thoma Bravo for $2 billion in all-cash transaction.

Restaurant technology platform Olo is set to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at $2 billion. The deal is expected to close by the end of 2025, making Olo a private entity and accelerating its growth in the foodservice technology sector. Shareholders will receive $10.25 per share, a 65% premium over the share price on April 30.

Thoma Bravo, with over $184 billion in assets, has a history of investing in software companies. The firm’s partner, Hudson Smith, expressed excitement about joining forces with Olo and supporting their vision in the hospitality sector. The acquisition was unanimously approved by Olo’s board and is pending customary closing conditions. Goldman Sachs, Goodwin Procter LLP, and Kirkland & Ellis LLP are advising on the deal.

Read more at Yahoo Finance: Olo to be acquired by software investment firm Thoma Bravo