Tech-focused private equity firm Francisco Partners announced today it had completed the acquisition of Berlin-based Native Instruments, a global manufacturer of software and hardware for computer-based audio production and DJing.
Financial details surrounding the transaction were not disclosed.
As part of the terms of the acquisition, investors EMH Partners and the founding shareholders will remain onboard as minority shareholders.
Founded in 1996, NI currently employees 400 staffers in seven offices worldwide.
Obligatory press release gush from Constantin Koehncke, CEO of Native Instruments: “There’s never been a more exciting time in music, with more creators producing more high-quality music all around the world. We’re thrilled to team up with Francisco Partners to enter the next phase of our journey, combining their global resources and expertise with our passionate team, deep relationships within music and proven track record of technical innovation. Together we can realize our mission to empower and inspire the global community of music creators and help them to unlock their creative potential.”
Obligatory press release gush from Matt Spetzler, co-head Europe and partner at Francisco Partners: “As an innovator in digital music creation, with a supreme brand recognition and outstanding software technology, Native Instruments is a perfect platform and partner for Francisco Partners. We look forward to working together with the management team and the existing shareholder group, utilizing our broad operational and strategic experience and M&A capabilities to help the company accelerate its growth trajectory.”