CVC said to be weighing options for gaming hardware maker Razer

CVC said to be weighing options for gaming hardware maker Razer

Luxembourg-based private equity (PE) firm CVC Capital Partners is said to be considering options, including a sale, for gaming hardware firm Razer, less than a year after it acquired the company in a take-private deal valued at $3.2 billion, Bloomberg reported.

The other options being mulled are introducing a strategic investor and acquiring assets for the growth of the company, the report said, adding that the discussions are preliminary, and a final decision has not been made.

Razer, which made its public market debut in 2017 on the Hong Kong Stock Exchange, was delisted from the bourse in May this year after shareholder votes were finalised to privatise the firm. 

The company was co-founded in 2005 by chief executive officer Min-Liang Tan and Robert Krakoff, who served as the company’s president before he passed away earlier this year in April.

Razer, dual-headquartered in Singapore and Irvine, California, is a technology firm that designs, develops and sells consumer electronics, financial services, and gaming hardware. Its products, mostly targeted towards gamers, include gaming laptops and tablets as well as PC devices such as mice, keyboards, mouse mats and gamepads.

CVC has approximately $133 billion of assets under management (AUM) worldwide. Its PE business in Asia has AUM worth $8 billion across 25 active investments. In January, CVC’s Asia business acquired a controlling stake in Affin Hwang Asset Management Berhad from Affin Banking Group.

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