Initial Public Offering

Technology & Services
Consumer
Initial Public Offering

Summary

Baird served as a bookrunner on this offering

About

Corsair Gaming, Inc. (“Corsair” or the “Company”) (NASDAQ: CRSR), a portfolio company of EagleTree Capital, recently completed an initial public offering of 14,000,000 common shares at a price of $17.00 per share. The offering generated gross proceeds of $238.0 million, including $127.5 million for the Company and $110.5 million for the selling shareholders. The Company expects to use the net proceeds of this offering for debt reduction, working capital and general corporate purposes. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 2,100,000 shares of common stock from the selling stockholders.

Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. Corsair’s industry-leading gaming gear helps digital athletes, from casual gamers to committed professionals, to perform at their peak across PC or console platforms, and the Company’s streaming gear enables creators to produce studio-quality content to share with friends or to broadcast to millions of fans. Corsair designs and sells high-performance gaming and streaming peripherals, components and systems to enthusiasts globally.

EagleTree Capital, LP, formerly known as Wasserstein Partners, L.P., is a private equity firm specializing in leveraged buyout investments and add-on acquisitions in middle market companies, primarily in media and communications sectors. EagleTree Capital, LP was founded in 2015 and is headquartered in New York, New York.
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Technology & Services
Consumer
Initial Public Offering
Date
September 2020
Company
Corsair Gaming, Inc.
Transaction
M&A
Sectors
Technology & Services
Consumer
Target Location
North America

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