Music tech company Native Instruments has entered preliminary insolvency proceedings, according to Create Digital Music (CDM).
According to documents seen by CDM, Prof. Dr. Torsten Martini is listed as a preliminary insolvency administrator for the Berlin-based company and will see out the restructuring process.
CDM’s report also highlights that its current status means Native Instruments’ “various assets” will be “sold off in some form”, with decisions in the hands of an administrator from outside of the company.
Since 2021, US private equity firm Francisco Partners has had a majority stake in Native Instruments. Soundwide was later forged as a merger between Native Instruments and three other tech companies:…