We are advising an ad hoc group of Riverbed term lenders in connection with the transaction

Davis Polk is advising an ad hoc group of term lenders under Riverbed Technology LLC’s outstanding $900 million senior secured term loan facility with respect to the acquisition of Riverbed Holdings, Inc. by Vector Capital. The closing of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals.

Riverbed is a leading provider of application and network performance management products. Since its inception in 2002, Riverbed has helped the world’s largest organizations maximize the performance of their networks and applications so they can reach the full potential of their IT investments.

The Davis Polk restructuring team includes partners Damian S. Schaible and Angela M. Libby, counsel Christopher Robertson and associates Abraham Bane, Omar Ashmawy and Alec Gregory Schwartz. The finance team includes partner David Hahn and counsel Andrei Takhteyev. Partner Corey M. Goodman is providing tax advice. Partner Stephen Salmon is advising on corporate law matters. Members of the Davis Polk team are based in the New York and Northern California offices.