Haveli Investments Acquires Minority Stake in Candivore

Haveli Investments Acquires Couchbase for $1.5 Billion

June 20, 2025

Software

Couchbase, the San Jose–based developer data platform, agreed to be acquired by Austin-based private equity firm Haveli Investments in an all-cash transaction valued at approximately $1.5 billion. Couchbase stockholders will receive $24.50 per share and the company will become privately held upon closing; Haveli said it will partner with Couchbase to accelerate product development, scale the business and expand market leadership in enterprise database and AI applications.

CVC Funds Takes Minority Stake in Hempel A/S

May 8, 2024

Manufacturing

CVC Funds will subscribe to new shares in Hempel A/S via its Strategic Opportunities platform to acquire a minority stake of up to 30%, with the Hempel Foundation remaining the majority owner. The investment is intended to accelerate Hempel’s organic and inorganic growth — including R&D in sustainable coating technologies and potential M&A — and is expected to close in the second half of 2024 subject to regulatory approval.

CVC Capital Partners and Haveli Investments Acquire Jagex from Carlyle

February 9, 2024

Media & Entertainment

CVC Capital Partners Fund VIII and Haveli Investments have agreed to acquire Jagex, the Cambridge-based developer and publisher best known for RuneScape, from The Carlyle Group. Jagex — a Games-as-a-Service leader with roughly 700 employees and millions of players across RuneScape titles — will be supported by CVC and Haveli to grow its IP, platform capabilities and global reach; terms were not disclosed (reports suggested circa £900m).

Haveli Investments Makes $150M Convertible Preferred Investment in Blend Labs

April 29, 2024

Cloud & SaaS

Haveli Investments has invested $150 million in Blend Labs via Series A convertible preferred stock and warrants. Blend will use approximately $145 million to repay its existing credit agreement and the remainder for general corporate purposes; Haveli CIO Brian Sheth will join Blend's board as part of the transaction.

CVC (via Aquilo House) Acquires 26.47% Stake in Aavas Financiers; Partners Group and Kedaara Exit

August 10, 2024

Financial Services

CVC Capital Partners (through Aquilo House Pte. Ltd.) has entered definitive agreements to acquire 26.47% of Aavas Financiers, triggering an open offer and a change in promoter status. The stake purchase represents the final/partial exit for Partners Group and Kedaara Capital and transfers promoter status to CVC; Aavas is a Jaipur‑headquartered affordable housing finance company with ~INR 204 billion AUM and a ~400‑branch network across India.

Invictus Growth Partners Takes $37M Majority Stake in Campfire Interactive

September 24, 2024

Cloud & SaaS

Invictus Growth Partners has made a $37 million majority investment in Campfire Interactive, a Ann Arbor–based provider of SaaS profitability and forecasting software for manufacturers and automotive suppliers. The capital will be used to accelerate product innovation, expand sales and marketing, and scale Campfire’s machine-learning and analytics capabilities while existing investors retain a minority stake alongside the founders.