Home › Thoma Bravo to take Riverbed private for USD 3.6 bln
 

Keywords :   


Thoma Bravo to take Riverbed private for USD 3.6 bln

2014-12-15 17:56:00| Telecompaper Headlines

(Telecompaper) Private equity firm Thoma Bravo has agreed to buy Riverbed Technology for USD 3.6 billion. The investor is working with Teachers' Private Capital, the private investor department of Ontario Teachers Pension Plan, on the acquisition. Riverbed stockholders will receive USD 21.00 per share in cash, or 12 percent more than the closing price the last trading day before the deal was announced. Riverbed's board approved the deal, after starting a strategic review of the company's financial options already in October under pressure from shareholders. The company said Thoma Bravo's support will help take the application performance specialist to the next level of growth. Riverbed CEO Jerry Kennelly will remain with the company in the same capacity. The sale is expected to close in the first half of 2015, subject to approval by Riverbed stockholders and regulatory approvals. 

Tags: private usd bravo bln

Category:Telecommunications

Latest from this category

All news
»
02.11Subtropical Storm Patty Graphics
02.11Tropical Storm Lane Graphics
02.11Tropical Storm Lane Wind Speed Probabilities Number 5
02.11Tropical Storm Lane Forecast Advisory Number 5
02.11Tropical Storm Lane Public Advisory Number 5
02.11Summary for Tropical Storm Lane (EP3/EP132024)
02.11Subtropical Storm Patty Forecast Discussion Number 3
02.11Subtropical Storm Patty Wind Speed Probabilities Number 3
More »