SYDNEY, April 6 (Bernama-BUSINESS WIRE) — HEAL Partners, an Australia and Cayman based global Growth and Follow-On Fund specialising in Health, Education and Lifestyle sector investments (“HEAL”), today announced it has signed a Strategic Relationship Agreement with affiliates of Elliott Investment Management L.P. (“Elliott”). HEAL will launch its US$ 350-500 million Fund II in H1 2022. As part of the Strategic Relationship, Elliott is expected to contribute a significant anchor commitment to HEAL’s Fund II.
This Strategic Relationship follows Elliott’s January 2021 investment in Removery, the world’s largest tattoo removal business and a HEAL portfolio company founded by HEAL Partners’ Mark Evans, Chris Chambers and Peter Chapman. Headquartered in Austin, Texas, Removery has 90 studios across U.S., Canada and Australia and plans to open a further 200 studios during the next two years.