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Kirkland Helps Francisco Back a Music-Creation Tech Partnership

March 15, 2021, 10:55 AM

Kirkland & Ellis is advising private equity firm Francisco Partners on an investment to create a partnership of companies in music making and audio production.

The companies are iZotope, which designs software, plug-ins, hardware, and mobile apps for audio processing, and Native Instruments, which provides hardware and software to more than 1.5 million monthly active music creators.

EMH Partners is also backing the partnership, for which no financial details were disclosed. Cambridge, Mass.-based iZotope and Berlin-based Native Instruments will continue to operate independently, each under its current leadership.

“We both look to make it easier for engineers, producers and musicians to realize their creative vision,” Mark Ethier, iZotope co-founder and CEO, said in a statement. “Together we will be able to break down barriers that have stood in the way of that goal.”

Francisco Partners in January acquired a majority stake in Native Instruments from Munich-based EMH Partners and Native’s founding shareholders.

Freshfields Bruckhaus Deringer advised Francisco Partners, while Milbank advised EMH Digital Growth Fund.

The transaction left EMH and the founding shareholders with a minority share in Native Instruments, according to statements by the law firms.

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com

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