$2BMinority stakeTechnology
General Catalyst and Koch put $2B into Flex's Axiom ahead of spin
Flex agreed to sell $2.0 billion of Series A Convertible Preferred Stock in Axiom Solutions International — its Cloud and Power Infrastructure segment — to funds affiliated with General Catalyst, Koch Equity Development and co-investors. Proceeds fund Axiom's recently announced acquisition of EPC Power and shore up its balance sheet as it prepares to stand up as an independent, publicly traded company focused on power, thermal and compute infrastructure.
Why it matters: It puts a hard valuation marker on AI power infrastructure assets just as Flex prepares to separate the unit.
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