Nordic Capital’s Acquisition of Orchid Orthopedic Solutions


Goldman Sachs and Citi acted as financial advisors to Nordic Capital and Kirkland & Ellis LLP acted as its legal advisor.

Nordic Capital Fund IX has agreed to acquire a majority holding in Orchid Orthopedic Solutions, from Altor Fund III who will retain a significant minority holding in the company.

Headquartered in Holt, Michigan, Orchid is a world leader in the design and manufacture of implants to the global orthopedic market. Orchid’s leading offerings span hip, knee, trauma, extremity and spinal implant products, as well as single-use and multi-use complex instruments used in implant related surgical procedures.

As a strategic partner to the leading global medical device OEMs, Orchid offers solutions in product and procedure design and possesses the full range of manufacturing processes required to produce finished, packaged products. The company serves a global customer base from its 12 manufacturing sites in the US, UK, Switzerland and China. Orchid innovates continually to provide differentiated processes yielding unique products, while simplifying its customers’ supply chains, delivering outstanding quality and offering end-to-end solutions benefitting from the broadest implants portfolio in the market.

The orthopedic implant market benefits from strong secular growth driven by larger and increasingly active elderly populations, obesity, medical advancements and increased access to surgical orthopedic care. As a leader in the industry and with Nordic Capital’s support, Orchid is ideally positioned to capitalise on this demand growth while helping its customers become more competitive.

The Kirkland team was led by transactional partners Armand Della Monica (Picture), Constantine Skarvelis, Andrew Kimball and Adi Herman with associates Charles Wehbe, Blair Baker, Jakob Soerensen and Sharon Skipper. Others on the deal include debt finance partners Jason Kanner and Evgeny Zborovsky, and associates Daniel Amato and Kanesh Balasubramaniam, healthcare regulatory partner Dennis Williams and associate Phillip DeFedele, tax partners Mike Beinus and Ryan Roberts, technology and IP transactions partners Edward Sadtler and Jenny Wilson, and associates Daisy Darvall, Ashley Eisenberg and Joanna Schlingbaum, executive compensation partners Mike Krasnovsky and Kate Coverdale and associate Galen Spielman, employee benefits partner Robert Zitko, environmental partner Toby Chun and associate Aaron Newell, labor partners Matthew Keiser and Melissa Soares, antitrust and competition partners Carla Hine and Paula Riedel and associate David Riley, international trade partner Mario Mancuso and associates Joshua Thompson and Jeremy Iloulian, and real estate partner Jennifer Sheehan.

Involved fees earner: Daniel Amato – Kirkland & Ellis; Blair Baker – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Michael Beinus – Kirkland & Ellis; Toby Chun – Kirkland & Ellis; Katherine Coverdale – Kirkland & Ellis; Daisy Darvall – Kirkland & Ellis; Phillip DeFedele – Kirkland & Ellis; Armand Della Monica – Kirkland & Ellis; Ashley Eisenberg – Kirkland & Ellis; Jakob Henning Anker Sorensen – Kirkland & Ellis; Adi Herman – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Jeremy Iloulian – Kirkland & Ellis; Jason Kanner – Kirkland & Ellis; Matthew Keiser – Kirkland & Ellis; Andrew Kimball – Kirkland & Ellis; Michael Krasnovsky – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Aaron Newell – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; David Riley – Kirkland & Ellis; Ryan Roberts – Kirkland & Ellis; Edward Sadtler – Kirkland & Ellis; Joanna Schlingbaum – Kirkland & Ellis; Jennifer Sheehan – Kirkland & Ellis; Constantine Skarvelis – Kirkland & Ellis; Sharon Skipper – Kirkland & Ellis; Melissa Soares – Kirkland & Ellis; Galen Spielman – Kirkland & Ellis; Joshua Thompson – Kirkland & Ellis; Charles Wehbe – Kirkland & Ellis; Dennis Williams – Kirkland & Ellis; Jennifer Wilson – Kirkland & Ellis; Evgeny Zborovsky – Kirkland & Ellis; Robert Zitko – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Nordic Capital Limited;

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Author: Ambrogio Visconti