Fremont, CA and New York, NY – July 26, 2017 – CORSAIR®, a world leader in high-performance PC components, gaming peripherals, and enthusiast memory, announced today that EagleTree Capital (“EagleTree”), formerly Wasserstein Partners, has reached a definitive agreement in partnership with current management to acquire a majority stake in CORSAIR from Francisco Partners and several minority shareholders.  As part of the transaction, CORSAIR founder and Chief Executive Officer Andy Paul will maintain a sizable equity stake in the Company and continue in his role as CEO.  IMCO (Investment Management Corporation of Ontario) and the Honeywell pension are also co-investing alongside EagleTree, which is acting on behalf of its private equity fund EagleTree Partners IV.

Founded in 1994, CORSAIR has grown from a single performance memory product line into a leading global provider of high performance branded computer products, including memory, components, peripherals, and complete systems. The company’s diverse portfolio of premium PC gaming products serves the high-growth PC gamer market, and the products are available through distributors and retailers in over sixty countries worldwide.

“We are excited about the opportunity to partner with EagleTree and leverage the team’s consumer products expertise to further accelerate our progress,” said Andy Paul, Founder and CEO of CORSAIR. “We are very fortunate to have attracted such experienced investment partners. EagleTree’s backing will allow us to continue to focus first and foremost on our loyal and passionate customers, and accelerate our investment in innovation and new technology and products to enhance the quality experience that enthusiasts and gamers have come to expect from us.”

“This is a transformative time in the PC gaming industry. A rapidly growing global gamer population, together with the rise of eSports and streaming, has made PC gaming one of the world’s most dynamic industries,” said George Majoros, Jr., Co-Managing Partner of EagleTree. “CORSAIR is the undisputed leader in PC gaming hardware and has built a strong brand on a foundation of quality, innovation and an unwavering commitment to its passionate fans. We look forward to working with Andy and CORSAIR’s talented management team to maintain the company’s focus on innovative products, to expand into new markets, and to pursue selective transactions.”

“It has been our pleasure to partner with Andy and the team at CORSAIR. They have built an incredible company and are well positioned for continued success,” said Andrew Kowal, Partner at Francisco Partners. “We wish the company and EagleTree all the best in their next chapter of growth.”

“Francisco Partners was a great partner to CORSAIR over the last several years,” added Andy Paul.  “Their counsel helped us accelerate our strategic objectives to diversify and deepen our product portfolio, realize an expanded global footprint, reinforce and focus our brand, and strengthen our financial position.”

The transaction is expected to close in the next several months, subject to customary closing conditions.

About CORSAIR

Founded in 1994, CORSAIR supplies high-performance products purchased primarily by PC gaming enthusiasts who build their own PCs or buy pre-assembled customized systems. The company’s award-winning products include DDR3 and DDR4 memory, computer cases, PC cooling products, power supply units, mechanical keyboards, gaming mice, gaming headsets, USB flash drives, solid-state drives and system monitoring and control devices. For more information, visit http://www.corsair.com.

About EagleTree Capital

EagleTree Capital, formerly Wasserstein Partners, is a leading independent private equity and investment firm, focused primarily on leveraged buyout investments and related investment activities. EagleTree manages capital on behalf of institutional and individual investors. The firm is focused on investments primarily in the media and communications, consumer products, and water and industrial sectors. EagleTree is located in New York. For more information, visit http://www.eagletree.com.