Thoma Bravo, Teachers' Private Capital close take-private buy of Riverbed

U.S. private equity firm Thoma Bravo and Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, have completed their previously announced acquisition of San Francisco-based network equipment maker Riverbed Technology Inc. The value of the transaction was approximately US$3.5 billion. As a result of the buyout's close, Riverbed will go private and stop trading on the NASDAQ under the ticker symbol "RVBD." The company said the new partnership will give it "greater flexibility to develop best-of breed technologies."

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