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Corsair in talks with Francisco Partners over buyout

Corsair looking at a possible buyout by Francisco Partners?

| Business, Financial & Legal News | Posted: Apr 26, 2013 10:33 pm

A regulatory filing shows that Francsico Partners is currently in talks with Corsair Componenets over a possible buyout. Corsair had previously indefinitely postponed an IPO after the IPO flop that befell Facebook. At the time, they said they would "relaunch when equity conditions are more favorable."

 

TweakTown image news/2/9/29992_1_corsair_in_talks_with_francisco_partners_over_buyout.jpg

 

It now appears that they are choosing a buyout over an IPO. Corsair could be heavily affected the current downturn in the PC market, resulting in the need for a cash infusion. As an interesting aside, Francisco Partners was part of the Blackstone Group-led consortium that decided to not make a formal buyout offer for Dell.

 

It's very possible nothing could come of these talks. On the other hand, Corsair could end up being bought out. This could result in changes in the company or products that they make and sell. For now, nothing has changed. We'll be sure to report if or when a buyout agreement is reached.

NEWS SOURCE
Finance.fortune.cnn.com

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