Flex announces $2.0 billion convertible preferred investment into Axiom led by General Catalyst with Koch Equity Development
FLEX•Flex announced a $2.0 billion convertible preferred investment into Axiom, led by General Catalyst with Koch Equity Development, at an initial enterprise value of $37.50 billion. Flex plans to separate Axiom into a publicly traded company in Q1 2027.
1. Investment and separation
Flex said it will invest $2.0 billion in Axiom through convertible preferred securities, at an initial enterprise value of $37.50 billion. Flex plans to separate Axiom into a publicly traded company in Q1 2027; after the separation, General Catalyst will nominate one director to Axiom’s board.
