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Tornier Stage: Growth Date of Investment: 2006 Web Site : http://www.tornier-us.com
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Tornier, founded in the 1940s and headquartered in Grenoble, France, is a leading global orthopedics company. Tornier develops, manufactures, and sells a range of joint replacement implants, including extremity implants (e.g., shoulder, elbow, and ankle) as well as hip and knee implants. Tornier sells extremity implants in the U.S., primarily its world-class shoulder implant, and extremity, hip, and knee implants in Europe. The company's strategy is to become the leading orthopedic company focused on extremities.
In July 2006, Warburg Pincus led an investor group to acquire Tornier from Alain Tornier, its former President and owner. Concurrently, Warburg Pincus recruited Douglas W. Kohrs, former CEO of American Medical Systems (a former Warburg Pincus portfolio company), as the new CEO. During 2007, Warburg Pincus provided financing for the Company to complete several strategic acquisitions, including Nexa Orthopedics, Axya Medical, and DVO Extremity Solutions, to meaningfully broaden its portfolio of products for shoulder surgeons and other extremity specialists.
