Elliott Investment Management’s Investment in Removery


Ropes & Gray represented Elliott Investment Management L.P. in the transaction.

Removery, the largest specialized provider of tattoo removal, change, and fade services in North America, has received a $50 million strategic investment from affiliates of Elliott Investment Management L.P. (“Elliott”), a leading global investment management firm. Financial terms of the transaction were not disclosed.

Removery was formed in 2019 through the merger of four leading tattoo removal brands. With an extensive network of locations, deep clinical expertise and decades of collective experience, Removery offers its clients an unrivaled treatment experience. Collectively, Removery’s trusted laser specialists have completed more than 250,000 safe and effective laser tattoo removal treatments.

Elliott Investment Management manages more than $41 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management.

The Ropes & Gray team that advised Elliott Investment was led by private equity partner Carl Marcellino (New York; Picture), and included private equity associate Joseph Lam (San Francisco) and asset management associate Lauren Martinez (New York).

Involved fees earner: Carl Marcellino – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Elliott Management Corporation;

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Author: Ambrogio Visconti