Published
Mon, Jan 25, 2021, 09:00
- The news was announced last week.
Last week music tech company Native Instruments announced a majority stake of its stocks had been sold to Francisco Partners, a private equity firm with a focus on tech investments.
The founding shareholders and EMH Partners, which became NI's majority owner last year, will remain minority shareholders in the German brand. Francisco Partners has raised $24 billion to date, generally pursuing investments between "$20 million to over $3 billion." NI appears to be Francisco's first investment in the music tech world.
In a press release, NI CEO Constantin Koehncke said "Thanks to the support of EMH Partners over the past years we were able to further reinforce and expand our position as the leading digital music creation company." Francisco Partners' Matt Spetzler meanwhile said the firm looks forward to "utilising our broad operational and strategic experience and M&A capabilities to help the company accelerate its growth trajectory."