EagleTree Finalises $525 million Stake over Corsair

Rumours of a potential buyout for Corsair have been spread for the past week, so what did happen wasn’t exactly a surprise.  As stated in the title, EagleTree Capital has officially bought a majority stake worth $525 million, a little more than the thought $500 million, and thus has part-ownership of the company.

Andy Paul, the CEO of Corsair, who will remain at his post, is very much excited for the future of Corsair following the support of EagleTree. Below is a quoted statement:

“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.”

Corsair was founded in 1994 and has grown exponentially from developing memory modules to producing some of the most sought after PC gaming equipment on the market today. The company’s success on the whole may be credited to the many minority stake holders the company has had and still does. For example, the previous majority stake was owned by Francisco Partners who definitely assisted heavily in Corsair’s global approach.

When the deal is finalised in a few months, we can expect even greater things from the dominant PC company that Corsair is.