EagleTree Capital formerly known as Wasserstein Partners has finally agreed to acquire a majority stake in CORSAIR from Francisco Partners and several minority shareholders.Investment Management Corporation of Ontario (IMCO) and the Honeywell Pension Fund will also be co-investing in Corsair. As per the company statement, founder and CEO Andy Paul will maintain a sizable equity stake in the company and continue as CEO.
Investment Management Corporation of Ontario (IMCO) and the Honeywell Pension Fund are also co-investing in Corsair. As per the company statement, founder and CEO Andy Paul will maintain a sizable equity stake in the company and continue as CEO.
“This is a transformative time in the PC gaming industry. A rapidly growing global gamer population, together with the rise of eSports and streaming, has made PC gaming one of the world’s most dynamic industries,” said George Majoros, Jr., Co-Managing Partner of EagleTree. “CORSAIR is the undisputed leader in PC gaming hardware and has built a strong brand on a foundation of quality, innovation and an unwavering commitment to its passionate fans. We look forward to working with Andy and CORSAIR’s talented management team to maintain the company’s focus on innovative products, to expand into new markets, and to pursue selective transactions.”
Founded in 1994, CORSAIR is a global leader in high-performance PC components, gaming peripherals, and enthusiast memory. The company has grown from a single performance memory product line into a leading global provider of high performance branded computer products, including memory, components, peripherals, and complete systems.
Today, CORSAIR has a diverse portfolio of premium PC gaming products serves the high-growth PC gamer market, and the products are available through distributors and retailers in over sixty countries worldwide.
Commenting on the development Andy Paul, Founder and CEO of CORSAIR said, “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.”
The transaction is expected to close in the next several months, subject to customary closing conditions.