Couchbase (BASE) to be Acquired for $1.5 Billion

By Tamara Parker • Sunday, June 22 15:21 • Permanent Link

Couchbase, Inc. (NASDAQ: BASE) has announced its agreement to be acquired by Haveli Investments in an all-cash transaction valued at approximately $1.5 billion. Under the terms of the agreement, Couchbase stockholders will receive $24.50 per share in cash, representing a premium of approximately 67% to the closing stock price of March 27, 2025, and a 29% premium to Couchbase’s closing stock price on June 18, 2025.

This acquisition marks a significant milestone for Couchbase and its stockholders. Upon completion of the transaction, Couchbase will become a privately-held company. 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, while Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel. On the other hand, Latham & Watkins LLP is serving as legal counsel, and Jefferies LLC is serving as the lead financial advisor to Haveli Investments.

Couchbase, known for its developer data platform for critical applications, has been at the forefront of modern database technology, empowering developers and enterprises to build high-performance applications. Haveli Investments, an Austin-based private equity firm, is eager to collaborate with the talented team at Couchbase to further expand its market leadership.

Couchbase’s innovative data platform is well positioned to meet the performance and scalability demands of the largest global enterprises. As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance, and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform architected for critical applications in our AI world.

The transaction also includes a “go-shop” period expiring on June 23, 2025, during which Couchbase and its advisors will be permitted to solicit, consider, and negotiate alternative acquisition proposals from third parties. Upon completion of the transaction, Couchbase’s common stock will no longer be listed on any public market.

Couchbase’s commitment to empowering developers and enterprises to build and scale applications and AI agents with complete flexibility is evident through the company’s vision and its partnership with Haveli Investments. The market has reacted to these announcements by moving the company's shares 29.37% to a price of $24.49. Check out the company's full 8-K submission here.

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