Wednesday, May 1st 2013
Corsair Clarifies Francisco Partners Deal
Late last week, it surfaced that Corsair could be in acquisition talks with tech venture capital firm Francisco Partners. At the time, the possibility of those talks leading to something other than acquisition, something more along the lines of an investment by Francisco Partners in Corsair.
Corsair clarified that Francisco Partners is investing $75 million, making it a shareholder in Corsair, and that the deal is not an acquisition. The investment won't cause any changes to Corsair's management team, and none are planned. Corsair maintains that it's been largely profitable and reporting positive net incomes over the past 19 years it's been in business, and has no intention of getting itself sold. Corsair also stated that this investment by Francisco Partners could let it make other acquisitions, such as the recent Raptor Gaming one.
Corsair clarified that Francisco Partners is investing $75 million, making it a shareholder in Corsair, and that the deal is not an acquisition. The investment won't cause any changes to Corsair's management team, and none are planned. Corsair maintains that it's been largely profitable and reporting positive net incomes over the past 19 years it's been in business, and has no intention of getting itself sold. Corsair also stated that this investment by Francisco Partners could let it make other acquisitions, such as the recent Raptor Gaming one.
4 Comments on Corsair Clarifies Francisco Partners Deal
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