Thursday, July 20th 2017

Corsair Share to be Sold to Private Investor (Again)

News agency Reuters recently reported that hardware giant Corsair was in talks with middle market private equity firm EagleTree Capital for acquisition of the company in its entirety. The deal was reported by Reuters as being valued at close to $500 million. Part of the Corsair brand is, and continues to be, owned by Corsair founder and Chief Executive Andy Paul, who founded the company in 1994. Another part of it, however, is currently owned by Francisco Partners, an American private equity firm focused exclusively on investments in technology and technology-enabled services. In 2013, Francisco Partners made a $75 million investment in the company, after Corsair scrapped its IPO plans.

However, an industry source has shed some more light on the matter. The source (singular, since we couldn't verify this through multiple channels) told TPU that it isn't the entirety of Corsair that's for sale; only the share previously acquired by Francisco Partners. It's this particular stake that's being eyed by EagleTree Capital - probably at a much higher valuation than the initial $75 million investment. As always, you should take this current information with a grain of salt.
Source: Reuters
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6 Comments on Corsair Share to be Sold to Private Investor (Again)

#1
john_
$500 millions for 100% of Corsair looked too low to me, and probably others. This clarifies things.
Posted on Reply
#2
DeathtoGnomes
so the $75m stake that was sold is being resold to this new investor?
Posted on Reply
#3
SUPERREDDEVIL
Excuse my ignorance on the topic, but, Is this bad news for us, Gamers and consumers of the brand?
Posted on Reply
#4
ironwolf
SUPERREDDEVILExcuse my ignorance on the topic, but, Is this bad news for us, Gamers and consumers of the brand?
General feel on other sites is not pretty. Expecting the worst, hoping for the best.
Posted on Reply
#5
SUPERREDDEVIL
Corsair WAS ALWAYS a great provider of products and innovation, at least on my computer business, i hope the best for the brand and the staff, because their reliance on products and quality service is phenomenal. :( 10 years importing their products, not a single defect on any of them. :cool:
Posted on Reply
#6
natr0n
She's sailing to a new dock. No worries.
Posted on Reply
Nov 17th, 2024 15:12 EST change timezone

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