Taylor Wessing advises on $23m sale of Sibelius to Avid

Taylor Wessing has advised the shareholders of Sibelius Software Limited, the world market leader in software for writing, teaching and publishing music, on the $23m/£12.5m sale of the company to Avid, the world leader in digital media creation tools for film, video, audio, animation, games, and broadcast professionals.

This deal will further expand Avid's brand portfolio, while Sibelius will continue to develop and market its own line of software through Digidesign, a business unit of Avid's audio software. 

IP partner Daniel Pavin commented:

”Taylor Wessing has advised Sibelius Software Limited for many years, through its 1999 funding round and beyond, as it has grown into the world market leader in its field.  We are delighted now to have advised the shareholders of Sibelius on the sale of the company to Avid.”

The Taylor Wessing team comprised corporate partner Simon Walker and IP partner Daniel Pavin, together with Adrian Rainey, Alex Thomas, Charlie Pring, Ann Casey and Sian Griffiths.

Wilmer Cutler Pickering Hale and Dorr LLP advised Avid. 

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Notes to editors

For more information please contact Taylor Wessing's Media Relations on 020 7300 4925 / 4930 or email c.treacy@taylorwessing.com

Taylor Wessing is a leading law firm providing legal support for commercial organisations doing business in Europe. Based in Belgium, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.   www.taylorwessing.com

Sibelius is the world market leader in software for writing, teaching and publishing music. It specializes in creating and distributing innovative, high-quality software that is easy to use. With products for composition, coursework, testing, reference, playback, publishing, authoring and e-commerce, Sibelius covers every aspect of music.  Sibelius has hundreds of thousands of users in 100 countries, including famous musicians, schools, universities, teachers, students, professionals and amateurs.  It is headquartered in London, with subsidiaries in California and Australia, and more than 80 employees worldwide. www.sibelius.com

Avid has become the world leader in digital media creation tools for film, video, audio, animation, games, and broadcast professionals – as well as for home video and home audio enthusiasts. Today, the vast majority of primetime television shows, feature films, commercials, and chart-topping pop music hits are made using one or more Avid products. www.avid.com