Corsair Completes $302 Million Follow-On Offering

Technology & Services

Corsair follow-on offering


Summary

Corsair Gaming, Inc. (“Corsair” or the “Company”) (NASDAQ: CRSR), a portfolio company of EagleTree Capital, recently completed a follow-on offering of 8,625,000 common shares at a price of $35.00 per share, which includes the exercise in-full of the underwriter’s option to purchase an additional 1,125,000 shares of common stock from the selling stockholders. The offering generated gross proceeds of $301.9 million for the selling shareholders. The Company did not receive any proceeds from the offering by the selling shareholder.

Baird served as a bookrunner on this offering.

About

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.
CONTACT US TO LEARN MORE
Technology & Services

Corsair follow-on offering

Date
January 2021
Company
Corsair Gaming, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
IT Services, Security & Networking
Internet & Communications
Target Location
North America

Share