The Courier-Mail

Rich lis­ters ink US tat­too re­moval deal

- GLEN NOR­RIS

BRIS­BANE rich lis­ters Cathie Reid and Stu­art Giles are eyeing the bur­geon­ing tat­too re­moval sec­tor through a new $100m in­vest­ment fund launched with other cashed-up en­trepreneur­s.

The founders of Icon Cancer Group have joined a team of high-pro­file health care in­vestors in an­nounc­ing the es­tab­lish­ment of the Heal Part­ners fund that will in­vest in US tat­too re­moval busi­ness Re­movery along with a raft of other health and life­style re­lated busi­nesses.

Texas-based Re­movery op­er­ates in 31 cities across the US and Canada, mak­ing it the largest and most clin­i­cally ad­vanced spe­cialised provider of tat­too re­moval and fade ser­vices in the world.

Mr Giles said the plan was to even­tu­ally ex­pand Re­movery to Aus­tralia. “Tat­too re­moval has taken off like a rocket over the last five years,” said Mr Giles. “In five years’ time, when we look at the most prof­itable busi­nesses we have in­vested in, tat­too re­moval will be at the top.”

Mr Giles said Heal Part­ners would also in­vest in Bris­banebased Edge Early Learn­ing Cen­tres, Cana­dian IVF busi­ness Fer­til­ity Part­ners and In­done­sia’s Halodoc.

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