Monday, December 15, 2014

Riverbed Enters $3.6 Billion Privatization Deal with Thoma Bravo

Riverbed Technology (RVBD) announced a privatization deal with Thoma Bravo, LLC and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21.00 per share in cash, or a total of approximately $3.6 billion. Riverbed CEO Jerry Kennelly will remain with the company as CEO.

“We are extremely pleased with this transaction, which we believe will be a winning proposition for all of our stakeholders,” said Jerry M. Kennelly, chairman and CEO of Riverbed. “Having undertaken a thorough strategic review, during which we assessed a wide variety of options to maximize value, the Board unanimously concluded that partnering with Thoma Bravo was the best choice for Riverbed, as this transaction will provide our stockholders with significant and immediate cash value.

The private equity deal is the largest for the firm of Thoma Bravo to date.

http://ir.riverbed.com/phoenix.zhtml?c=198235&p=irol-newsArticle&ID=1999462


  • Previous networking investments by Thoma Bravo have included: Blue Coat Systems, Empirix, InfoVista, Keynote Systems, Sailpoint Technologies, and others.

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