Music hardware and software manufacturer Native Instruments has entered into preliminary insolvency proceedings, . This is the company behind iconic software like Massive, Traktor and Kontakt and hardware like Maschine+. Native Instruments also owns the brands iZotope, Brainworx and Plugin Alliance.
We don’t have many specifics as to what this entails and what the future of the company will look like. We do know that an administrator has been appointed to handle restructuring and, potentially, to sell off existing assets. Native Instruments employs hundreds of people and their fates also remain uncertain.
A private equity firm called Francisco Partners owns a majority stake in the company. It also owns majority stakes in entities like…