Last week, we began hearing whispers of a potential Corsair buyout, with sources coming forward to claim that a company known as ‘EagleTree’ was looking to acquire Corsair for as much as $500 million. Today, the acquisition was confirmed, with EagleTree Capital buying up a majority stake in the company in a deal valued at $525 million.
So what does this mean? Well essentially, EagleTree Capital, a private equity firm, now holds the majority of shares but is not the sole owner of the entire company. There are still some minority shareholders on board and Corsair’s founder and CEO, Andy Paul will remain at the company with a sizeable stake.
Corsair has been around since 1994 and over the years, the company has grown from just making memory modules, to supplying everything from power supplies and cases to PC gaming peripherals, liquid coolers and custom PCs. As for what this new surge of investment will do for the company, Corsair CEO and Founder, Andy Paul had this to say:
“We are excited about the opportunity to partner with EagleTree and leverage the team’s consumer products expertise to further accelerate our progress. We are very fortunate to have attracted such experienced investment partners. EagleTree’s backing will allow us to continue to focus first and foremost on our loyal and passionate customers, and accelerate our investment in innovation and new technology and products to enhance the quality experience that enthusiasts and gamers have come to expect from us.”
Previously, this majority stake in Corsair was owned by Francisco Partners, which helped the company expand into the global brand it is today. The EagleTree transaction is expected to close within the next few months.
KitGuru Says: This is a huge acquisition and just goes to show how far PC gaming has come. As a whole, the industry is worth over $30 billion as of 2016, so it was only a matter of time before those with huge wallets began coming over to get a piece of the pie.