Client Overview
Client Overview

Advisor to Company on
$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