Haveli Investments to buy AI database firm Couchbase for about $1.5 billion
June 20 (Reuters) - Haveli Investments will acquire Couchbase BASE.O for about $1.5 billion, the companies said on Friday, as the private equity firm looks to capitalize on the artificial intelligence-focused database company's platform.
Couchbase's shares, which have gained 21% this year, were up 29% in early trading following the news.
The company's cloud-based database powers AI-related applications that need a flexible data model and easy scalability.
Couchbase is part of a group of modern database companies — including MongoDB MDB.O, Cockroach Labs, Snowflake SNOW.N and Databricks — challenging legacy players such as Oracle ORCL.N.
New database technologies make it easier and faster to store, manage and use a large amount of unstructured data that modern AI systems require.
Haveli Investments, founded by former Vista Equity Partners president Brian Sheth, will pay Couchbase shareholders $24.50 per share, which represents a premium of about 29% to the stock's last close price.
The private equity firm has a 9.6% stake in Couchbase, according to data compiled by LSEG.
It may engage with Couchbase's management or board to explore strategic options, including a potential merger, according to a March filing with the U.S. SEC.
The agreement includes a go-shop period that ends on Monday, during which Couchbase can consider alternate offers.
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensi
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
