Riverbed to Be Acquired by Thoma Bravo for $21.00 Per Share in Cash

On December 15, 2014, Riverbed Technology, the leader in application performance infrastructure, announced it had entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC 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.

Riverbed delivers the most complete platform for the hybrid enterprise to ensure applications perform as expected, data is always available when needed, and performance issues can be proactively detected and resolved before impacting business performance. Riverbed provides world-class solutions to more than 25,000 customers worldwide, including 97 percent of the Fortune 100 and Forbes Global 100.

Riverbed Chairman and CEO Jerry M. Kennelly said the transaction will enable the company to focus on reaching the next level of growth, which will benefit its employees, customers, and partners.

Wilson Sonsini Goodrich & Rosati, led by Warren de Wied, also advised Riverbed for the past year in related shareholder activist matters resulting from earlier takeover bids by Elliott Management.

For more information, please see the news release concerning the transaction.

Wilson Sonsini Goodrich & Rosati acted as legal counsel to Riverbed. The team was led by David Segre and Michael Ringler and included the following attorneys:

M&A:
David Segre
Michael Ringler
Warren de Wied
Thomas Earnest
Derek Liu
Mike Ray
Dan Wong

Debt:
Andy Hirsch
Christine Li
Michael Occhiolini

Corporate Law and Governance:
Mark Fitzgerald
Ryan Greecher
Amy Simmerman

Tax:
Eileen Marshall
Myra Sutanto Shen

Employee Benefits and Compensation:
Madeleine Boshart
Brandon Gantus

Technology Transactions:
Suzanne Bell
TJ Graham

M&A Litigation:
David Berger
Katherine Henderson

Antitrust/Regulatory:
Paul Jin
Anne Seymour
Scott Sher
Don Vieira

Employment and Trade Secrets:
Briza Sanchez
Jeanna Steele