• Sector: Healthcare
  • Geography: Europe
  • Stage: Growth Capital
  • Investment Year: 2006
  • Exit Year: 2016
  • Website Link

Wright Medical Group

In 2006, Warburg Pincus invested in Tornier N.V. (Tornier), a France-based, leading global orthopedics company focused on extremity implants. Shortly following Warburg Pincus’ investment, the firm helped Tornier assemble a best-in-class management team and partnered with the company to develop a structured R&D organization which accelerated new product development and rollout. Warburg Pincus continued to invest behind Tornier throughout the hold period, doubling the firm’s initial investment as Warburg Pincus supported the company in funding multiple M&A and product in-licensing transactions. With assistance from Warburg Pincus, the company entered and rapidly grew its new sports medicine and orthobiologics businesses. Additionally, Tornier created a single, extremity specialist sales channel which helped the company expand significantly in the U.S. while continuing to scale its European business. In 2011, Tornier executed a successful IPO, having more than doubled its revenues since Warburg Pincus’ initial investment. Warburg Pincus became a shareholder in Wright Medical Group, N.V. (Wright) when Tornier closed its merger with Wright Medical Group, Inc. (a former Warburg Pincus portfolio company) in 2015. In 2016, Warburg Pincus exited the investment through a sale in the public markets.

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