---

Avid Technology, Inc.

Common Stock, par value $0.01 per share

05367P100

April 7, 2020

 

---

 

CUSIP No.  05367P100

13G

 

 

(1)	Based on 43,210,481 shares of common stock, par value $0.01 per share (“Common Stock”) outstanding as of March 4, 2020 as disclosed in the Issuer’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 9, 2020.

 

(a)	Amount beneficially owned:
	See Item 9 of the attached cover pages.
(b)	Percent of class:
	See Item 11 of the attached cover pages.
(c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote:
		See Item 5 of the attached cover pages.
	(ii)	Shared power to vote or to direct the vote:
		See Item 6 of the attached cover pages.
	(iii)	Sole power to dispose or to direct the disposition:
		See Item 7 of the attached cover pages.
	(iv)	Shared power to dispose or to direct the disposition:
		See Item 8 of the attached cover pages.

Not Applicable. Not Applicable. 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  April 17, 2020

EXHIBIT 99.1

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of this Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Avid Technologies, Inc., and further agree to the filing of this agreement as an Exhibit thereto.  The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

Dated:  April 17, 2020

To the extent that the Reporting Persons constitute a group, each member of the group is identified herein in its respective cover page.

EXHIBIT 99.5

POWER OF ATTORNEY
RELATING TO VINTAGE VI OFFSHORE HOLDINGS LP

KNOW ALL PERSONS BY THESE PRESENTS VINTAGE VI OFFSHORE HOLDINGS LP (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

VINTAGE VI OFFSHORE HOLDINGS LP

EXHIBIT 99.6

POWER OF ATTORNEY
RELATING TO VF VI ADVISORS LLC

KNOW ALL PERSONS BY THESE PRESENTS VF VI ADVISORS LLC (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

VF VI ADVISORS LLC

POWER OF ATTORNEY
RELATING TO VINTAGE VI MGR HLDS LP

KNOW ALL PERSONS BY THESE PRESENTS VINTAGE VI MGR HLDS LP (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

VINTAGE VI MGR HLDS LP

EXHIBIT 99.8

POWER OF ATTORNEY
RELATING TO VF VI OFFSHORE ADVISORS INC

KNOW ALL PERSONS BY THESE PRESENTS VF VI OFFSHORE ADVISORS INC (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

VF VI OFFSHORE ADVISORS INC

EXHIBIT 99.9

POWER OF ATTORNEY
RELATING TO UBAR INVESTMENT HOLDINGS LIMITED

KNOW ALL PERSONS BY THESE PRESENTS UBAR INVESTMENT HOLDINGS LIMITED (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

UBAR INVESTMENT HOLDINGS LIMITED

EXHIBIT 99.10

POWER OF ATTORNEY
RELATING TO UBAR INVESTORS, L.P.

KNOW ALL PERSONS BY THESE PRESENTS UBAR INVESTORS, L.P. (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

UBAR INVESTORS, L.P.

EXHIBIT 99.11

POWER OF ATTORNEY
RELATING TO GS UI ADVISORS LIMITED

KNOW ALL PERSONS BY THESE PRESENTS GS UI ADVISORS LIMITED (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

GS UI ADVISORS LIMITED

By:	DA Private Equity GP LLC
	Its general partner
By:	/s/ Andrew Johnson
Name:	Andrew Johnson
Title:	Authorized Signatory and Manager

EXHIBIT 99.13

POWER OF ATTORNEY
RELATING TO DA PRIVATE EQUITY GP LLC

KNOW ALL PERSONS BY THESE PRESENTS DA PRIVATE EQUITY GP LLC (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

DA PRIVATE EQUITY GP LLC

EXHIBIT 99.14

POWER OF ATTORNEY
RELATING TO PE CSEC OFFSHORE HOLDINGS II, L.P.

KNOW ALL PERSONS BY THESE PRESENTS PE CSEC OFFSHORE HOLDINGS II, L.P. (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

PE CSEC OFFSHORE HOLDINGS II, L.P.

EXHIBIT 99.15

POWER OF ATTORNEY
RELATING TO GS PE HARVEST GP II A INC

KNOW ALL PERSONS BY THESE PRESENTS GS PE HARVEST GP II A INC (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

GS PE HARVEST GP II A INC

EXHIBIT 99.16

POWER OF ATTORNEY
RELATING TO MERBAU INVESTORS OFFSHORE HOLDINGS II, L.P.

KNOW ALL PERSONS BY THESE PRESENTS MERBAU INVESTORS OFFSHORE HOLDINGS II, L.P. (the “Company”) does hereby make, constitute and appoint each of Stephanie Snyder, Jerry Li, Abdul Khayum, Terry Mosher, Rachel Fraizer, Javier Gonzalez, Terrance Grey, and Andres Gonzalez (and any other  employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and  lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto  each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of April 15, 2020.

MERBAU INVESTORS OFFSHORE HOLDINGS II, L.P.