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Thoma Bravo Agrees $2 Billion Deal to Take Olo Private
Thoma Bravo has struck a $2 billion deal to acquire restaurant software maker Olo Inc. in a sign that private equity firms are still able to find bargains in hot equity markets.
The company serves more than 750 restaurant brands, including Denny’s Corp. Updated on Thoma Bravo has struck a $2 billion deal to acquire restaurant software maker Olo Inc. in a sign that private equity firms are still able to find bargains in hot equity markets. The buyout firm is paying $10.25 a share in cash for Olo, according to a statementBloomberg Terminal Thursday, representing a 65% premium over Olo’s share price on April 30 — the day before Bloomberg News reported the company was working with an adviser to explore a sale.
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