Last week, we began hearing whispers of a potential Corsair buyout, with sources coming forward to claim that a company known as ‘EagleTree’ was looking
to acquire Corsair for as much as $500 million. Today, the acquisition was confirmed, with EagleTree Capital buying up a majority stake in the company in a deal valued at $525 million.
So what does this mean? Well essentially, EagleTree Capital, a private equity firm, now holds the majority of shares but is not the sole owner of the entire company. There are still some minority shareholders on board and Corsair’s founder and CEO, Andy Paul will remain at the company with a sizeable stake.
