Private equity firm Haveli Investments has agreed to acquire Couchbase in a deal valued at approximately $1.5 billion, aiming to tap into the company’s AI-focused database technology. Couchbase’s cloud-based platform supports AI applications with its scalable and flexible data model, making it a key player among next-gen database firms.
Couchbase shares surged 29% following the announcement, building on a 21% gain earlier this year. The company competes with the likes of MongoDB, Snowflake, Databricks, and Cockroach Labs, offering alternatives to legacy database giants like Oracle.
Under the deal, Haveli will pay $24.50 per share—a 29% premium over Couchbase’s previous closing price. Haveli already holds a 9.6% stake in the company, according to LSEG data, and had previously indicated plans to explore strategic options, including a possible merger.
The agreement includes a “go-shop” period through Monday, allowing Couchbase to entertain competing offers.
Source: Reuters
