M&A Deal Summary

Vector Capital Acquires Riverbed

On May 30, 2023, private equity firm Vector Capital acquired software company Riverbed from Apollo Global Management

Acquisition Highlights
  • This is Vector Capital’s 16th transaction in the Software sector.
  • This is Vector Capital’s 41st transaction in the United States.
  • This is Vector Capital’s 15th transaction in California.

M&A Deal Summary

Date 2023-05-30
Target Riverbed
Sector Software
Buyer(s) Vector Capital
Sellers(s) Apollo Global Management
Deal Type Secondary Buyout
Advisor(s) Centerview Partners (Financial)
White & Case (Legal)

Target

Riverbed

San Francisco, California, United States
Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.


DEAL STATS #
Overall 49 of 52
Sector: Software M&A 16 of 16
Type: Secondary Buyout M&A Deals 9 of 9
State: California M&A 15 of 16
Country: United States M&A 41 of 43
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 MarkLogic

Redwood City, California, United States

MarkLogic is a provider of enterprise data integration and data management solutions. MarkLogic’s technology simplifies the integration of enterprise data across silos to provide immediate business value. MarkLogic Data Hub Service is a fully managed cloud data platform that is able to reliably assemble raw data, index it in real-time for powerful semantic search, and provide the ability to securely run operational and analytical applications at scale. MarkLogic was founded in 2001 and is based in Redwood City, California.

Sell $355M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-05 Bigtincan

Waltham, Massachusetts, United States

Bigtincan is a provider of enterprise mobility software, which enables sales and service organisations to increase sales and improve customer satisfaction through improved mobile worker productivity. Bigtincan was founded in 2011 and is based in Waltham, Massachusetts.

Buy AU$183M

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 68 of 77
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 15 of 16
State: California M&A 8 of 8
Country: United States M&A 50 of 54
Year: 2023 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 United Living

Kent, United Kingdom

United Living provides a range of mission critical maintenance and construction services. United Living consists of three complementary businesses with one unified culture; United Living Property Services, Infrastructure Services and New Homes. Company provides the essential services to the owners and operators of critical UK property and infrastructure assets, supporting the development of communities where people want to live, work and play. United Living was founded in 1964 and is based in Kent, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Northwoods Energy

Denver, Colorado, United States

Northwoods Energy is an upstream oil & gas company specializing in purchasing older, neglected wells and leases. Northwood looks carefully at the geologic potential of each marginal well and develops a plan to maximize energy production while reusing and recycling raw materials from the existing well. Northwoods Energy is based in Denver, Colorado.

Sell -