Couchbase, a developer data platform for critical applications in our AI world, announced that it has entered into a definitive agreement to be acquired by Haveli Investments in an all-cash transaction valued at approximately $1.5 billion.
Under the terms of the deal, Couchbase stockholders will receive $24.50 per share in cash. This represents a premium of about 67% to the closing stock price of March 27, 2025, the last full trading day before the announcement of Haveli’s investment into Couchbase, and a 29% premium to Couchbase’s closing stock price on June 18, 2025, the last full trading day before the transaction announcement. Upon completion of the transaction, Couchbase will become a privately held company.
The deal, which was approved by the vote of the directors on the Couchbase Board present and voting, is expected to close in the second half of 2025, subject to customary closing conditions, including approval by Couchbase’s stockholders and the receipt of required regulatory approvals.
Upon completion of the deal, Couchbase’s common stock will no longer be listed on any public market.
Advisors: Morgan Stanley is serving as the exclusive financial advisor to Couchbase, and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel. And Latham & Watkins is serving as legal counsel, and Jefferies is serving as the lead financial advisor to Haveli Investments.
KEY QUOTES:
“Couchbase has been at the forefront of modern database technology, empowering developers and enterprises to build high-performance applications. Today’s announcement marks a significant milestone for our stockholders and an exciting new chapter for Couchbase. Haveli’s investment is a strong affirmation of our market position and our future potential, and we are thrilled to partner with Haveli to accelerate our vision and deliver even greater value to our customers.”
Matt Cain, Chair, President and CEO of Couchbase
“The data layer in enterprise IT stacks is continuing to increase in importance as a critical enabler of next-gen AI applications. Couchbase’s innovative data platform is well positioned to meet the performance and scalability demands of the largest global enterprises. We are eager to collaborate with the talented team at Couchbase to further expand its market leadership.”
Sumit Pande, Senior Managing Director at Haveli Investments
“We are excited to combine Haveli’s operational expertise in scaling enterprise software organizations with Couchbase’s strong product leadership to deliver high performance database solutions to the developer and enterprise customer base globally.”
Marissa Tarleton, Senior Managing Director at Haveli Investments
