Tech News Summary:
- White & Case LLP advised Riverbed Technology on its sale to Vector Capital, a private sector firm specializing in transformational investments in established companies.
- The existing lenders of Riverbed Technology will continue to support the business by providing an enhanced line of credit at closing, which is expected to bolster its position in the market and improve its services.
- Riverbed Technology offers two portfolios for providing seamless and secure digital experiences and accelerating business performance, and its services are used by thousands of market-leading partners and customers globally, including 95 percent of the Fortune 100 companies.
White & Case, a leading international law firm, has successfully guided Riverbed Technology Inc., a leading provider of digital performance monitoring and networking solutions, through its sale to Vector Capital, a leading private equity firm, for $3.6 billion.
The transaction involved complex legal issues, and White & Case’s team of experienced lawyers provided expert advice and precision in navigating the deal. The team provided counsel on a wide range of matters, including antitrust and regulatory issues, intellectual property, finance, tax, and employment law.
“We are pleased to have had the opportunity to work with Riverbed Technology and Vector Capital on this significant transaction,” said White & Case Partner, Matthew Rees. “Our team’s expertise in technology M&A and private equity transactions enabled us to deliver exceptional results.”
The sale of Riverbed Technology to Vector Capital is expected to accelerate Riverbed’s growth, as it will have the resources to expand its product offerings and explore new opportunities in the digital performance and networking markets.
“White & Case’s guidance was essential in navigating the complexities of this deal,” said Riverbed CEO, Paul Mountford. “Their professionalism and expertise were instrumental in bringing this transaction to a successful conclusion.”
The sale of Riverbed Technology to Vector Capital is another example of White & Case’s ability to advise clients in complex and transformative transactions in the technology sector. Its team of lawyers has extensive experience advising clients on a broad range of corporate and commercial matters, including M&A, corporate governance, and regulatory compliance.