Native Instruments (NI) is formally entering into insolvency proceedings.
In a statement shared today (19 March), CEO Nick Williams said the Berlin-based music tech company and a number of its subsidiaries will soon be “transitioning from ‘preliminary insolvency’ into formal ‘insolvency’ proceedings”.
Williams added, however, that NI is in active talks with possible buyers and that they’re progressing well on a potential acquisition to save the firm. His statement said there was “strong interest from multiple parties with deep roots in audio and technology,” meaning the company could potentially continue operating in some form if a deal to save it goes through.
Williams’ statement continued: “What gives me confidence in our future isn’t just the progress we’re making – it’s also the extraordinary passion and dedication of the entire team here at Native Instruments. We continue to deliver every day, building and shipping products, and looking after our customers.”
All NI software will continue to work as normal while the insolvency proceedings are going on, while the company will also continue to offer support and updates for its hardware products.
Native Instruments entered preliminary insolvency proceedings in late January, with reports emerging at that time that an insolvency administrator had been engaged to support the firm as it assessed options such as restructuring and sale of assets.
The company has been majority-owned by private equity firm Francisco Partners since 2021.
