Corsair Finds Buyer?

PDF Print E-mail

According to Reuters PC peripheral and component maker Corsair has found a buyer-- "advanced discussions" on the matter are going on with EagleTree Capital, a middle market private equity firm.

Corair gamingThe story comes from anonymous sources, and neither Corsair nor EagleTree has commented on the matter.

Founded in 1994 by current CEO and owner Andy Paul, Corsair makes high performance gaming hardware such as keyboards, mice and headsets. It also owns the PC gaming brand Raptor Gaming. The company was set to go public in 2013, but scrapped such plans after it received a $75 million investment from Francisco Partners.

In turn, EagleTree (formerly Wasserstein Partners) has funding from Goldman Sachs, Macquarie Group and BNP Paribas.

The acquisition of Corsair comes during a golden age for the games industry-- eSports is boosting interest in gaming worldwide, leading to NPD Group estimates of US consumers spending $30.4 billion on videogames and accessories in 2016, a "small increase" from 2015. In addition, Corsair rival Razer is planning an IPO, one Reuters claims can be worth over $3bn.

Go EagleTree to Buy Videogame Gear Maker Corsair (Reuters)