Rumor: Corsair Could Be Bought For Around $500 Million

Reuters is claiming that they have two anonymous sources that can confirm that Corsair Components is in advanced discussions to be acquired by EagleTree Capital. EagleTree Capital has $1.7 Billion of equity capital and it looks like they want to get into the eSports market. Corsair started out making Level 2 cache modules, but shifted focus to the enthusiast memory market in 2002. That move proved to be the right one and in more recent years Corsair has moved into the gaming market with a solid offering of gaming keyboards, mice, headsets to go along with hardware needed inside desktop gaming PCs.

Corsair is currently owned by Chief Executive Andy Paul, who founded the company in 1994 with Don Lieberman and John Beekley. Back in 2010, Corsair Components, wanted to go public with an initial IPO filing that aimed to raise $78 million, but it never happened and the IPO was postponed. In 2013 it was announced that Francisco Partners made a $75 million investment in the company in 2013. Reuters goes on to state that the new deal, if it goes through in its current form, will be worth more than $500 million USD.

Corsair hasn’t announced revenue numbers since they had to with the IPO filing back in 2011, but the $500 million number sounds like a pretty good deal. Razer, who plans to go public later this year with a valuation of more than $5 billion and is hoping to raise over $600 million according to Reuters.

EagleTree has several backers, including Goldman Sachs, Societe Generale, Macquarie Group, and BNP Paribas.