According to rumours recently submitted regulatory filing shows that Francisco Partners are currently in talks with Corsair about a possible buyout. This comes after Corsair indefinitely postponed an IPO after the relative flop of the Facebook IPO. Corsair said that they would “relaunch [the IPO] when equity conditions are more favorable”.
Now it would appear Corsair are opting for a buyout instead of an IPO. It is expected that Corsair was heavily impacted by the recent downturn in the PC market. Interestingly Francisco Partners was part of the Blackstone Group led consortium that opted out of making a formal bid for a Dell buyout despite showing interest.
As with many financial takeovers and much takeover speculation it should be treated as such, it can rapidly fall apart so its important to stress that nothing has been confirmed yet. This takeover, if it goes ahead and is true, could have significant changes for the company and the products it makes and sells.
For the whole of 2011, Corsair reported around $19 million in net income on $455 million of revenue. Its Q1 2012 earnings were $3 million on $132 million in revenue.
What are your thoughts on Corsair being potentially taken over? Do you think it would have an impact on their product range?
Ceres 300 TG ARGB Snow Mid Tower Chassis is an ATX case that comes with…
ASUS Prime series motherboards are expertly engineered to unleash the full potential of 12th Generation…
Say hello to Raptor-Lake. Intel's incredible 13th generation processors are here to break the boundaries…
This PG34WQ15R2B Phantom Gaming monitor provides exceptional clarity to any gamer thanks to its WQHD…
CORSAIR VENGEANCE DDR5, optimized for Intel® motherboards, delivers the higher frequencies and greater capacities of…
Leap into the future with the ROG Strix B760-F, a fantastic upgrade into 13th Gen…