Haveli Investments to Acquire AI Database Firm Couchbase for $1.5 Billion

Haveli Investments announced on Friday its plan to acquire Couchbase (BASE.O), a cloud-based database company specializing in AI applications, for approximately $1.5 billion. Following the announcement, Couchbase shares surged 29% in early trading, building on a 21% gain earlier this year.

Couchbase’s platform supports AI-driven applications by offering a flexible data model and scalable infrastructure, catering to the growing demand for managing large volumes of unstructured data. The company competes with modern database firms like MongoDB, Cockroach Labs, Snowflake, and Databricks, which are challenging legacy database providers such as Oracle.

Haveli, led by former Vista Equity Partners president Brian Sheth, will pay $24.50 per share — a premium of around 29% over Couchbase’s previous closing price. The private equity firm already holds a 9.6% stake in Couchbase.

A recent SEC filing revealed Haveli’s interest in working with Couchbase’s management or board to explore strategic options, including a potential merger. The deal includes a “go-shop” period until Monday, allowing Couchbase to consider competing offers.