Corsair Components Inc manufactures gaming components for personal computers and it recently announced the receipt of a US$75 million investment from Francisco Partners. Francisco partners is a private equity firm focused on technology and technology based products.
According to Corsair CEO Andy Paul, he and the current management team would be holding a substanital equity stake in the company. The firm was established back in 1994 and generates nearly US$500 million in revenues annually.
The San Francisco, CA based equity firm had previously partnered with the Blackstone Group LP and Insight Venture Partners in an attempt to bid for Dell Inc. Blackstone Group eventually pulled out of the bidding for the No.2 PC maker in the world.
According to Andrew Kowal,partner at San Francisco Partners, "Under the leadership of Andy Paul, Corsair has built an enviable brand among videogame enthusiasts. This brand position was born out of the team's great passion for delivering best-in-class products to its customers around the world."
Join the Conversation