Corin Orthopaedics Holding Ltd, an Cirencester, UK-based orthopaedic company, received an undisclosed majority investment from Permira.
Permira funds has signed a definitive agreement to acquire a majority stake in Corin from DeA Capital Alternative Funds SGR (controlled by DeA Capital Group), Hunt Capital, IP (Investimenti e Partecipazioni) and other investors, for an undisclosed sum.
CEO Stefano Alfonsi and the management team will continue to lead Corin and will remain significant investors in the company alongside the Permira funds.
The investment provides new funding to accelerate the company’s development.
Corin offers a combination of clinically- proven hip, knee, ankle and shoulder solutions and technologies that enable patients, surgeons and healthcare providers to connect closely.