Native Instruments Begins Preliminary Insolvency Proceedings
The prominent music tech brand will soon undergo major restructuring and asset sales
Native Instruments (NI), a music technology company that develops hardware and software for DJing, production, and performance, has begun the process for preliminary insolvency. This is a signal of severe financial difficulties.
How it works:
With these proceedings commenced, the company has appointed an administrator to oversee restructuring and the liquidation of assets and other costs, such as employee salaries.
MusicTech reported that Prof. Dr. Torsten Martini will serve as administrator for the Berlin-based company.
Background:
NI previously restructured between 2019 and 2020.
Private Equity firm Francisco Partners has been the majority stakeholder in NI since 2021.
Under the Francisco umbrella, NI purchased other music companies, including iZotope, Brainworx, and Plugin Alliance.
👋 Disclosures & Transparency Block
This article was written with information sourced from MusicTech.
We covered it because NI is a major music brand.
