Client Overview
Client Overview
$2 billion Restructuring &
$100 million Capital Raise
Location: San Francisco, CA//Number of Employees: 1,200//
Riverbed Technology is a developer of network and application performance software designed to support enterprise clients. It enables organizations to visualize, optimize, remediate and accelerate network performance to enhance digital experiences, and has a customer base of over 30,000 which includes 95% of the Fortune 500
Services & Focus
Network Acceleration
Cyber Security
Network Visibility
Experience Management
Deal Overview
Deal Overview
Enterprise Network Monitoring & Performance Management Software Developer
Riverbed Technology offers two best-in-class product lines: network observation and acceleration solutions
Application Performance Management
Network Performance Monitoring
End User Experience Management
SD-Wan Network Solutions
WAN Optimization Network Solutions
GLC Successfully Guided Riverbed Through Its Transformational Recapitalization
Reduced Outstanding Debt by $1.1 Billion
GLC negotiated Riverbed Technology’s pro forma capitalization to meaningfully reduce cash interest expense and stabilize the Company’s cash flow profile during its strategic transition
Raised $100mm of Growth Capital
GLC raised $100mm of growth capital from certain creditors on behalf of Riverbed to fund core growth initiatives in its Observation suite of products
Achieved 100% Consent From Creditors
GLC successfully articulated Riverbed’s growth initiatives to creditors to earn their support for a swift recapitalization transaction to preserve enterprise value; resulted in one of the fastest pre-packaged bankruptcies in the history of the District of Delaware
New Ownership Committed to Growth
An ad hoc group of investors led by Apollo assumed majority ownership through their managed funds. Under new sponsorship Riverbed is capitalized to execute on its strategic transition