CVC explores sale, growth options for Razer after $3.2b buyout

CVC Capital Partners, a global alternative investment manager, is considering options for portfolio firm Razer that include selling the gaming giant, introducing a strategic investor, and acquiring assets to grow the company, reported Bloomberg, quoting sources familiar with the matter.

The sources added that while the strategic review is ongoing, no final decision has been made. The development comes less than a year after CVC bought Razer, co-founded by Min-Liang Tan and the late Robert Krakoff in California and Singapore, in a US$3.2 billion deal.

Razer listed in Hong Kong in 2017, but a consortium that included CVC, Tan, and board member Kaling Lim later proposed to take the firm private at a valuation of US$3.17 billion – lower than what it was worth when it listed. The company delisted its shares from the Hong Kong stock exchange earlier this year.

In 2021, the gaming firm shut down its Razer Pay e-wallet, which had acquired 1 million users. It also failed to win a digital banking license from the Singapore government in 2020.

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