Haveli Investments to take Couchbase private in $1.5bn software buyout
Haveli Investments has entered into a definitive agreement to acquire enterprise database company Couchbase in an all-cash transaction valued at approximately $1.5bn.
The deal marks a significant move by the technology-focused private equity firm to deepen its exposure to enterprise software.
Under the terms of the agreement, Couchbase shareholders will receive $24.50 per share in cash, reflecting a 67% premium over the company’s share price on 27 March 2025 – the last trading day before Haveli’s initial investment – and a 29% premium on its closing price of 18 June 2025.
Once the transaction closes, Couchbase will be taken private. The acquisition has been unanimously approved by the Couchbase Board of Directors and is expected to complete in the second half of 2025, subject to shareholder and regulatory approvals.
Based in California, Couchbase offers a cloud-native database platform used by enterprises to power mission-critical applications. The company had previously sought to expand its reach through product innovation and strategic partnerships, but its share price remained subdued relative to its growth potential – a dynamic Haveli appears keen to unlock through private ownership.