Corsair Components receives $75 million from Francisco Partners

Mon May 6, 2013 8:51am EDT

May 6 (Reuters) - Corsair Components Inc, which makes gaming components for personal computers, has received a $75 million investment from tech-focused private equity firm Francisco Partners, the company said on Monday.

Corsair said Chief Executive Officer Andy Paul and the current management team will continue to hold a substantial equity stake in the company.

Founded in 1994, Corsair generates around $500 million in annual revenue.

San Francisco-based Francisco Partners had initially teamed up with Blackstone Group LP and Insight Venture Partners to bid for Dell Inc. The Blackstone Group eventually stopped pursuing Dell.