FRANCE - Tornier announces investment by Warburg Pincus

Tornier, a global orthopedic company based in Grenoble, France, announced today that it closed a transaction with an investor group led by Warburg Pincus to acquire a majority interest in the company. The terms of the transaction were not disclosed. In conjunction with this transaction, Alain Tornier, formerly president and chief executive officer of Tornier, has been elected to the position of chairman of the board and Douglas W. Kohrs has been appointed president and chief executive officer.