Thoma Bravo, OTPP Complete $3.5B Take-private LBO of Riverbed
April 27, 2015
Thoma Bravo and Ontario Teachers' Pension Plan have completed the roughly $3.5 billion public-to-private buyout of Riverbed Technology, an application performance infrastructure company. Riverbed previously traded on the NASDAQ under the symbol RVBD; its stockholders received $21 per share in cash upon close of the largest deal in Thoma Bravo's history.
Built for the hybrid enterprise, Riverbed's platform is designed to ensure applications perform as expected, data is available when needed and performance issues can be proactively detected and resolved before impacting business performance. The company has over 26,000 customers and reports more than $1 billion in annual revenue.