Subject: General Tech | May 2, 2013 - 01:04 PM | Tim Verry
Tagged: private equity, investments, corsair
Corsair recently reached out to the technology community to clarify the news of a new investor interested in the company. It turns out that Corsair is in talks with a private equity firm called Francisco Partners. The PC peripherals company wants to expand by making strategic acquisitions of smaller companies in the gaming and audio industry. In order to do that, Corsair needs cash, and without going public, one way to get that is to go with a private equity firm.
Although it will not be official for a couple of weeks, according to Corsair, Francisco Partners will invest as much as $75 million in Corsair and become a shareholder in the privately-held company. The deal is simply a monetary one, with Francisco Partners providing needed cash in exchange for a share of the company. No management changes are planned, and the new investor will not become the majority shareholder according to Corsair.
Corsair recently acquired both gaming peripheral company Raptor Gaming and Simple Audio, a company that provides multi-room streaming audio solutions. Corsair plans to further aggressively pursue the gaming and music/audio markets in addition to its existing case, power supply, fan, and other PC peripheral lineups aimed at enthusiasts. I'm excited to see where Corsair goes from here as it grows and diversifies its business and product lines.