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Thoma Bravo finalises $2bn acquisition of restaurant tech company Olo
Yahoo Finance· 2025-09-15 09:23
Acquisition Overview - Thoma Bravo has completed the acquisition of Olo, a SaaS platform for restaurants, valued at approximately $2 billion [1][2] - Olo's stock has been delisted from the New York Stock Exchange as a result of the acquisition, with stockholders receiving $10.25 per share in cash [1][2] Growth and Service Enhancement - The acquisition is expected to enhance Olo's growth trajectory and expand its service offerings to over 750 restaurant brands globally [2] - Olo processes millions of transactions daily and serves more than 88,000 locations, indicating a strong operational scale [3] Leadership and Future Vision - Olo's CEO Noah Glass expressed excitement about the partnership with Thoma Bravo, aiming to scale faster and innovate deeper in the restaurant technology space [4] - Thoma Bravo partner Hudson Smith highlighted Olo's strong relationships with iconic restaurant brands and the potential for further business scaling [2][3] Transaction Advisory - Goldman Sachs and Goodwin Procter provided exclusive financial advice and legal counsel to Olo, while Thoma Bravo received financial advice from Morgan Stanley and legal counsel from Kirkland & Ellis [4][5]