Flex lands $2.0 billion investment into Axiom from General Catalyst
The Series A convertible preferred deal values Axiom at $37.5 billion and helps pay for its pending purchase of EPC Power Corp
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Chart: FLEX, one-minute prices, three sessions
Flex has agreed to a $2.0 billion Series A convertible preferred stock investment into Axiom Solutions International, its Cloud and Power Infrastructure segment. The deal, entered into on October 2, 2026, is led by funds affiliated with General Catalyst and joined by Koch Equity Development along with other co-investors.
The investment values Axiom at an initial enterprise value of $37.5 billion. It will help fund Axiom's pending acquisition of EPC Power Corp. General Catalyst will have the right to nominate one director to Axiom's board once Flex completes its planned separation of Axiom into an independent public company, a split targeted for the first quarter of calendar 2027.
Flex chief executive Revathi Advaithi said the 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."
The outside commitment signals that the spin off is moving on schedule rather than slipping, with General Catalyst and Koch Equity Development backing a $37.5 billion valuation for Axiom ahead of the first quarter 2027 separation already flagged alongside the unit's leadership build out. The $2.0 billion round also removes a financing overhang around the EPC Power deal, letting Axiom pay for that acquisition without drawing on Flex's own balance sheet. A named board nominee from General Catalyst gives Axiom outside governance before it even trades independently, which narrows the execution risk investors typically price into pending breakups.