Couchbase to be Acquired by Haveli Investments in $1.5 Billion All-Cash Deal

Couchbase, Inc. is set to be acquired by Haveli Investments in an all-cash transaction valued at approximately $1.5 billion. Under the terms of the transaction, 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. Following the acquisition, Couchbase will become a privately-held company, marking a significant milestone for the company.

The transaction, subject to customary closing conditions and regulatory approvals, is expected to close in the second half of 2025. Upon completion, Couchbase's common stock will no longer be listed on any public market. Morgan Stanley & Co. LLC is serving as Couchbase's exclusive financial advisor, while Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel. Haveli Investments is being represented by Latham & Watkins LLP as legal counsel and Jefferies LLC as the lead financial advisor. The acquisition is seen as a strategic move to further expand Couchbase's market leadership in delivering high-performance database solutions globally. 

The deal also includes a "go-shop" period, expiring on June 23, 2025, during which Couchbase will be allowed to consider alternative acquisition proposals from third parties. Couchbase Board approved the transaction, and the company's stockholders will need to approve the acquisition. Couchbase, Inc. is a developer data platform for critical applications, while Haveli Investments is a technology-focused investment firm based in Austin.

Source: PR NewsWire