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Riverbed Gets Acquired For $3.6 Billion

By TechTaffy Desk

Riverbed

Application performance infrastructure Riverbed Technology has entered into a definitive agreement to be acquired by private equity investment firm Thoma Bravo, and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan. Under the terms of the agreement, Riverbed stockholders will receive $21.00 per share in cash, or a total of approximately $3.6 billion.

The agreement was unanimously approved by Riverbed’s board, and is expected to close in the first half of 2015, subject to customary closing conditions.

Qatalyst Partners and Goldman Sachs are serving as financial advisors to Riverbed, and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal advisor. Kirkland & Ellis is serving as legal advisor to Thoma Bravo.

[Image courtesy: Riverbed]

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