Street Talk

Dan Ritchie’s Factory Capital inks deal for US tattoo parlours

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 7, 2025 – 3.58pm

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Factory Capital, the Sydney investment firm run by former Macquarie Capital equities boss Dan Ritchie, has begun deploying capital from its latest fundraise, establishing a tattoo and body piercing platform in the US.

Street Talk can report that Factory Capital has used a portion of its $100 million raise to launch Tattoo Partners, an institutional tattoo platform anchored by a handful of cornerstone acquisitions, totalling 11 studios in New York, Miami, Las Vegas, Phoenix and Houston.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.