Corsair confirms $525 milion acquisition deal

EagleTree Capital now holds the majority of shares

Last week, rumors of a potential buyout regarding Corsair started to emerge. It appeared that the investment company "EagleTree" had shown interest in a major part of Corsair’s privately owned shares. Meanwhile the deal has been confirmed by Corsair themselves with EagleTree Capital buying a majority of the shares for $525 US million.



In other words, EagleTree Capital, which is a private equity firm, now holds the majority of shares but is not the sole owner of the company. Corsair’s founder and CEO, Andy Paul will remain inside the company. Corsair has been founded in 1994 and over the years, the it has grown from making memory modules, to a major gaming brand selling different components and meanwhile even full systems.

Previously the majority of Corsair was owned by Francisco Partners, which helped the company expanding into other regions. The EagleTree transaction is expected to close within the next few months. With Corsair being bought out and Razer going for an IOP (initial public offering) is looks like the market for gaming peripherals is maturing and at the same time growing.



Source: Techpowerup

News by Luca Rocchi and Marc Büchel - German Translation by Paul Görnhardt - Italian Translation by Francesco Daghini


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