Irenic snaps up a stake in Couchbase. Here are two tracks the firm can take to create value
1. Irenic Capital has taken a significant stake in Couchbase (BASE). 2. Couchbase faces operational challenges with high SG&A expenses impacting margins. 3. Activist strategies may lead to restructuring or potential sale of the company. 4. Couchbase is a strong player in the cloud database market with limited peers. 5. A take-private deal could provide a better path for value maximization.