Investment Summary

Francisco Partners Invests In Corsair

On May 6, 2013, private equity firm Francisco Partners invested in technology hardware company Corsair from Lightbridge

Investment Highlights
  • This is Francisco Partners’ 8th transaction in the Technology Hardware sector.
  • This is Francisco Partners’ 45th transaction in the United States.
  • This is Francisco Partners’ 15th transaction in California.
Investment Fate
  • Corsair was sold to a consortium of financial buyers in 2017 for 525M USD.
  • Corsair went public in 2020.

Investment Summary

Date 2013-05-06
Target Corsair
Sector Technology Hardware
Investor(s) Francisco Partners
Sellers(s) Lightbridge
Deal Type Stake Purchase
Advisor(s) Stifel (Financial)

Target

Corsair

Milpitas, California, United States
Corsair designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. Corsair was founded in 1994 and is based in Milpitas, California.

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Investor(S) 1

Investor

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 57 of 160
Sector: Technology Hardware M&A 8 of 10
Type: Stake Purchase M&A Deals 1 of 5
State: California M&A 15 of 33
Country: United States M&A 45 of 134
Year: 2013 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Barracuda Networks

Campbell, California, United States

Barracuda Networks is a provider of security, networking and storage products based on network appliances and cloud service. Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. Barracuda Networks was founded in 2003 and is based in Campbell, California.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 QuadraMed

Reston, Virginia, United States

QuadraMed is a provider of healthcare technologies and services that help turn quality care into positive financial outcomes. QuadraMed provides solutions that streamline processes, ensure compliance and help healthcare professionals deliver quality patient care. QuadraMed is based in Reston, Virginia.

Sell -

Seller(S) 1

SELLER

Lightbridge

Burlington, Massachusetts, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Lightbridge, Inc. is a provider of software and services that enabled wireless carriers to increase revenue, productivity and customer loyalty.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-07 Corsair

Milpitas, California, United States

Corsair designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. Corsair was founded in 1994 and is based in Milpitas, California.

Buy -