Digital Transactions Authoritative, insightful and timely information for payments professionals
Restaurant-technology provider Olo Inc. has entered into an agreement to be acquired by software-investment firm Thoma Bravo. Thoma Bravo has agreed to pay Olo shareholders $10.25 per share in cash, a 65% premium over Olo’s unaffected share price of $6.20 as of April 30, 2025. Thoma Bravo has placed Olo’s equity value at $2 billion, though the purchase price was not disclosed.
The deal is expected to close by the end of the year. Once the deal is completed, Olo will continue to operate under the Olo brand, Thoma Bravo says. As of March 31, 2025, Thoma Bravo had $184 billion in assets under management.
Founded in 2005, Olo provides digital ordering, payments, and customer-engagement solutions to more than 750 restaurant brands with 88,000 locations. The company also has more than 400 integration partners. Restaurant chains using the Olo platform include Cracker Barrel, Denny’s, P.F. Chang’s, Portillo’s, and Stone Cold Creamery.
“By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular,” Olo founder and chief executive Noah Glass says in a statement.
Also on the acquisition front, Shift 4 Payments Inc. has completed its purchase of Global Blue, a provider of tax-free shopping, payments, and post-purchase solutions, in a $2.5-billion deal. Shift 4, which made its initial offer in March, is paying Global Blue Shareholders $7.50 per common share.
The acquisition, Shift 4’s largest ever, comes hard on the heels of the payments company’s acquisition of Smartpay Holdings Ltd., an Auckland, New Zealand-based processor.
Global Blue markets its tax-refund and currency-conversion technology to merchants catering to international travelers in Europe, Asia, and South America.
With the acquisition completed, Shift4 and Global Blue plan to launch an all-in-one payment terminal to provide VAT refunds, dynamic currency conversion, and payment-processing services to global merchants. The addition of tax refund and currency conversion capabilities will enhance Shift4’s position as “an innovative vendor and trusted partner,” the company says.
“By integrating Global Blue into our end-to-end platform, we’re further expanding our global reach and solidifying our position as a leading unified commerce provider that adds meaningful value to our merchants around the world,” Shift4 chief executive Taylor Lauber says in a statement. Shift4’s end-to-end processing handles transactions entirely within the company’s platform rather than shifting them to other processors.
