EagleTree is in acquiring Corsair to reap benefits of eSports
Talks circling around of Corsair’s change of ownership, according to sources. As per reports, an equity firm EagleTree is said to be eyeing this acquisition for more than $500 Million. It is assumed that the firm is interested in benefiting from the growing video game industry that is benefitted from eSports. If that would be the case, more and more equity firms and investment corporations will be looking to acquire brands reaping the benefits from this industry.
For better or for worse?
It would be a healthy acquisition seeing that many other peripheral makers have faced losses and even filed for bankruptcy. Mad Catz filed for bankruptcy and pulled its shutters down on March 30th. Product maketh the brand. A deal worth more than US$ 500 million is a good deal. The question does remain: If the acquisition happens, would it affect the product lineup for better or for worse?
The trend of making every peripheral for gaming by every brand out there!
Corsair has made significant moves over the years. It progressed from making RAM kits to peripherals and power supplies. Other brands that traditionally make specialised hardware have started branching out to headphones, keyboards, mouse, mouse pads and beyond. Even Kingston viz. known for flash-based products has stepped into keyboard and mouse business, along with previously released headsets. Its HyperX Alloy FPS keyboard and one of the Cloud series headsets were reviewed here.
The company is currently owned by Andy Paul who co-founded the company in 1994 with Don Lieberman and John Beekley. Francisco Partners made an investment of $ 75 million in the company in 2013.
Eagletree is backed by Goldman Sachs, Societe Generale, Macquarie Group and BNP Paribas. So far there is no official statement from either of the companies.
Disclosure: Hardware BBQ does not interact with Corsair India due to an unethical code of conduct of attempt to create a conflict with Antec and other brands.