Berlin DJ Tech Firm Woos Buyers After Private Credit Walks Away

The administrator of Native Instruments Group is nearing a sale of the music technology firm after its private credit lenders shied away from a takeover that could have averted an insolvency filing.

Selected bidders for the Berlin-based developer of DJ’ing platforms including Traktor and Kontakt will conduct in-depth due diligence in the coming weeks, according to a statement from provisional insolvency administrator Torsten Martini at law firm Görg.