Thoma Bravo Looks to Private Credit for Olo Buyout Financing

Thoma Bravo has held talks with private credit lenders to raise $600 million of debt to help finance its acquisition of hospitality software company Olo Inc., according to people with knowledge of the matter, who asked not to be identified discussing private information.

The private equity firm inked a $2 billion deal to acquire Olo last month, agreeing to pay $10.25 a share in cash to take the company private. The transaction is set to close by the end of this year. Terms of a potential debt financing may still change.

Representatives for Thoma Bravo and Olo didn’t immediately ...