FORTUNE -- Francisco Partners is in talks to acquire Corsair Components, a Fremont, Calif.-based maker of gaming hardware for personal computers, according to a regulatory filing.
Corsair was one of several companies that indefinitely postponed its IPO last spring after the Facebook (FB) debacle, pledging to "re-launch when equity conditions are more favorable." It kept its registration papers on file with the SEC, but did not provide subsequent updates.
For 2011, Corsair reported around $19 million in net income on $455 million of revenue. Its Q1 2012 earnings were $3 million on $132 million in revenue.
It's an interesting move for Francisco, which had been part of the Blackstone Group-led consortium that last week opted against making a formal buyout offer for Dell Inc. (DELL). One of the reasons Blackstone gave for its change of heart was the PC industry's sharp decline in Q1, but Corsair arguably is more dependent on the PC market than is Dell (albeit at a much different scale).
Fortune left messages with representatives of both Corsair and Francisco, but has not yet heard back from either.
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Blackstone Group teams up with Francisco Partners.
The Blackstone Group (BX) has quietly formed a strategic partnership with San Francisco-based private equity firm Francisco Partners, Fortune has learned. The move is intended to revitalize Blackstone's technology private equity practice, which has experienced a number of personnel departures over the past two years.
Here's my understanding of how it will work: Blackstone will kick smaller tech opportunities over to Francisco, which currently is MOREDan Primack - Jan 26, 2012 10:24 AM ET
Tech-focused private equity firm Francisco Partners has raised over $1.9 billion for its third fund, according to a regulatory filing.
The firm -- which has offices in San Francisco and London -- began raising the fund in early 2008 with a reported target of between $2 billion and $2.5 billion. It's unclear if the $1.9 billion represents a final close, or if additional commitments could be forthcoming.
Francisco did not respond to MOREDan Primack - Feb 28, 2011 2:30 PM ET
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