Couchbase Acquired for $1.5 Billion

By Tamara Parker • Saturday, June 21 10:10 • Permanent Link

Couchbase, Inc. (NASDAQ: BASE) has announced its acquisition by Haveli Investments for a total value of approximately $1.5 billion. The acquisition will be an all-cash transaction, with Couchbase stockholders set to receive $24.50 per share. This represents a premium of about 67% to the closing stock price on March 27, 2025, and a 29% premium to the closing stock price on June 18, 2025.

The transaction, once completed, will result in Couchbase becoming a privately-held company. The merger agreement includes a "go-shop" period expiring on June 23, 2025, during which Couchbase and its advisors will be allowed to consider alternative acquisition proposals from third parties. The transaction 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.

Morgan Stanley & Co. LLC is serving as the exclusive financial advisor to Couchbase, with Wilson Sonsini Goodrich & Rosati, Professional Corporation acting as legal counsel. On the other hand, Latham & Watkins LLP is serving as legal counsel and Jefferies LLC as the lead financial advisor to Haveli Investments.

Couchbase is a developer data platform for critical applications in the AI world. The company's innovative data platform is said to be well-positioned to meet the performance and scalability demands of large global enterprises. Haveli Investments, an Austin-based private equity firm, focuses on investing in the highest quality companies in the technology sector, with a specific focus on software, data, gaming, and adjacent industries.

The acquisition represents a significant milestone for Couchbase and its stockholders, and the company's leadership expressed excitement about the partnership with Haveli Investments. The deal is expected to enable Couchbase to accelerate its vision and deliver greater value to its customers. Following these announcements, the company's shares moved 29.37%, and are now trading at a price of $24.49. For more information, read the company's full 8-K submission here.

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