Press Release

Kirkland Advises Thoma Bravo on $2 Billion Olo Acquisition

Kirkland & Ellis is advising software investment firm Thoma Bravo on a definitive agreement to acquire Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants. The all-cash transaction values Olo at approximately $2 billion. The transaction is expected to help accelerate Olo’s growth and strengthen its platform and offerings for the over 750 restaurant brands it serves globally. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash. The transaction, which was unanimously approved by the Olo Board of Directors, is expected to close by the end of calendar year 2025, subject to customary closing conditions, including approval by Olo shareholders and the receipt of required regulatory approvals.

Read the transaction press release

The Kirkland team included corporate lawyers Bradley Reed, Corey Fox, Jeremy Mandell, George Boden and Will Pretto; debt lawyers Brian Ford and Fred Lim; and capital markets lawyer Michael Keeley.