Corsair Dismisses Rumor About Being For SaleCategory: Manufacturers
Posted: May 1, 2013 01:46PM
There has been a rumor about Corsair being bought by Francisco Partners, a private equity firm; however, that rumor has now been dismissed by Corsair. Corsair told Maximum PC that the rumor is inaccurate, but the company is instead looking for investments. Corsair sent a FAQ to Maximum PC, which explains that "we would like to make more acquisitions and this requires outside investment." Corsair tried to acquire the needed funding through public funding, but that idea was discarded. Corsair estimated that the company would not be able to obtain the required funding using that method, since it is selling to niche markets, which limits the amount of people interested in buying shares. Instead Francisco Partners offered the needed funding in exchange for a share of the company. Despite Francisco Partners obtaining part of Corsair, the hardware company will still operate the way it always has. The newly obtained funding will be used to purchase small, less well-run companies that produce technology Corsair can benefit from to ensure continuous growth and an ever expanding product catalogue.
The investment is going to be approximately $75 million and it is expected to happen during the next few weeks.
Source: Maximum PC