Flex Announces $2.0 Billion Convertible Preferred Investment into Axiom Led by General Catalyst with Koch Equity Development

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  "detected_at": "2026-10-05T12:00:00+00:00",
  "company": {
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    "url": "https://www.prnewswire.com/news-releases/flex-announces-2-0-billion-convertible-preferred-investment-into-axiom-led-by-general-catalyst-with-koch-equity-development-302897839.html",
    "title": "Flex Announces $2.0 Billion Convertible Preferred Investment into Axiom Led by General Catalyst with Koch Equity Development",
    "excerpt": "Transaction Highlights: AUSTIN, Texas , Oct. 5, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX ) announced today that it has entered into an agreement to sell $2.0 billion of shares of Series A Convertible Preferred Stock of Axiom Solutions International, Inc. (Axiom), Flex's Cloud and Power Infrastructure segment, to funds affiliated with General Catalyst, Koch Equity Development, and co-investors. Through this strategic investment, Axiom will be positioned to further capitalize on the growing AI infrastructure demand as it prepares to operate as an independent company. Pro-forma for the separation, the investment will be solely in Axiom. \"This investment provides equity funding for our recently announced acquisition of EPC Power and will allow Axiom to have a strong balance sheet as we prepare to stand up as an independent, publicly traded company squarely focused on the power, thermal, and compute infrastructure the AI era demands,\" said Revathi Advaithi, Chief Executive Officer of Flex and expected Chief Executive Officer of Axiom. \"General Catalyst brings deep conviction in applied AI and a long track record partnering with companies building category-defining leaders, and we're glad to have them partner with us as Axiom enters its next chapter. This transaction reflects the value we see in Axiom's business today and will translate into lasting value for Flex shareholders as the...",
    "summary": "Axiom Solutions International, Inc., Flex's Cloud and Power Infrastructure segment, is set to receive a $2.0 billion convertible preferred stock investment led by General Catalyst and Koch Equity Development.",
    "location": "Austin, Texas, USA",
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    "image_url": "https://mmx.prnewswire.com/media/MS352330/Flex-Logo-Logo.jpg?id=OA2985939&p=facebook",
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    "published_at": "2026-10-05T12:00:00Z",
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    "article_sentence": "Flex (NASDAQ: FLEX ) announced today that it has entered into an agreement to sell $2.0 billion of shares of Series A Convertible Preferred Stock of Axiom Solutions International, Inc. (Axiom), Flex's Cloud and Power Infrastructure segment, to funds affiliated with General Catalyst, Koch Equity Development, and co-investors.",
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