EagleTree Partners IV managed by EagleTree Capital LP, Investment Management Corporation of Ontario Honeywell Pension and Hauser Private Equity along with current management reached a definitive agreement to acquire majority stake in Corsair Components, Inc. from Francisco Partners Management LLC and several minority shareholders for an enterprise value of approximately $530 million.
July 25, 2017
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EagleTree Partners IV managed by EagleTree Capital LP, Investment Management Corporation of Ontario Honeywell Pension and Hauser Private Equity along with current management reached a definitive agreement to acquire majority stake in Corsair Components, Inc. from Francisco Partners Management LLC and several minority shareholders in a transaction valued at approximately $530 million on July 26, 2017. Under the terms, EagleTree will acquire a majority stake. Macquarie Capital and BNP Paribas provided financing in the transaction. Post-acquisition, Andy Paul, Founder and Chief Executive Officer of Corsair Components, will maintain a sizable equity stake in Corsair Components and continue in his role. The transaction is subject to customary closing conditions and is expected to close in the next several months. Barclays Capital Inc. acted as financial advisor and Paul Hastings LLP acted as legal advisor for Corsair Components, Inc. Macquarie Capital (USA) Inc. and BNP Paribas Capital Corporation Inc. acted as financial advisors and Andy Levine and Josh Berick of Jones Day acted as legal advisors for EagleTree Capital LP. Stephanie Pillersdorf, Devin Broda and Columbia Clancy of Sard Verbinnen & Co. acted as public relation advisors for EagleTree Capital. Blake Kim, MD; Alexander Fang, VP; Matt Levin, Analyst; Cody Wetmore and Analyst of Stifel Nicolaus Capital Markets acted as financial advisors for Corsair Components, Inc.
Corsair Gaming Inc. is a provider and innovator of high-performance products for gamers and digital creators such as streamers, vloggers, and broadcasters. The Companyâs personal computer (PC) components products offer its customers multiple options to build their customized gaming and workstation desktop PCs. The Company operates through two segments: Gamer and creator peripherals, and Gaming components and systems. The Gamer and creator peripherals segment include its high-performance gaming keyboards, mice, headsets, controllers, and streaming products, which includes capture cards, stream Decks, microphones, and audio interfaces, facecam streaming cameras, studio accessories and gaming furniture, among others. The Gaming components and systems segment Includes its high-performance power supply units (PSUs), cooling solutions, computer cases, and DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others.
EagleTree Partners IV managed by EagleTree Capital LP, Investment Management Corporation of Ontario Honeywell Pension and Hauser Private Equity along with current management reached a definitive agreement to acquire majority stake in Corsair Components, Inc. from Francisco Partners Management LLC and several minority shareholders for an enterprise value of approximately $530 million.