KUALA LUMPUR, April 6 (Bernama) -- HEAL Partners, an Australia and Cayman-based global Growth and Follow-On Fund specialising in Health, Education and Lifestyle sector investments (HEAL), has announced signing 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. (US$1 = RM4.215)
This Strategic Relationship follows Elliott’s January 2021 investment in Removery, and a HEAL portfolio company founded by HEAL Partners’ Mark Evans, Chris Chambers and Peter Chapman. Austin, Texas-headquartered Removery has 90 studios across U.S., Canada and Australia and plans to open a further 200 studios during the next two years.
In a statement, Removery founder and HEAL Partner, Evans said: “Elliott has been a great partner at Removery and we are excited to build on this strong relationship through our future HEAL funds.”
On behalf of Elliott, Isaac Kim said: “We are pleased about this Strategic Relationship with the HEAL team. We believe HEAL’s focus on bringing operational expertise and follow-on growth investment into strong business models, many of which the team has created, is genuinely differentiated. Our work together through Removery underscores our confidence in HEAL’s active management approach and ability to generate significant deal flow.”
HEAL’s Investment Partners are Evans and Chambers from Normanby Capital; Chapman and Martin Dalgleish from Asia Principal Capital; and, Martin Robinson.
HEAL is also backed by pre-eminent industry leaders in the Health and Education sectors, including Chris Rex (Former CEO of Ramsay Healthcare), Stuart Giles and Cathie Reid (Co-founders of Icon Group and Epic Pharmacy), and Rod Jones (Founder and Executive Chairman of Navitas), Dr Andrew Meikle, (Dental Corp Canada and The Fertility Partners) and Jonathan Sudharta (Halodoc) alongside other industry luminaries.
For more information, visit www.healpartners.com.
-- BERNAMA
No comments:
Post a Comment