4 February 2013
Braveheart Investment Group plc
('Braveheart', 'the Company' or 'the Group')
Re-naming of subsidiary and change of registered office name
Braveheart Investment Group plc (BRH), the AIM-listed investment management group providing financing and advisory services to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices and public sector organisations, announces changes to reflect the recent business additions and subsequent change of focus of the Group.
The Company has evolved significantly since its formation in 1997 and subsequent admission to AIM in 2007 when Braveheart Ventures Ltd was its sole subsidiary, investing in young, unlisted companies with potential for significant growth. Since 2007, the Company has made several acquisitions: WL Ventures, Viking Fund Managers, (formerly Inkopo), Envestors and Neon Capital Partners. It has also extended its business organically and formed WhiteRock Capital Partners in Ireland.
With offices in Perth, London, Yorkshire, Manchester, Jersey, Isle of Man and Dubai, Braveheart is now focused on investment services, ranging from self-build EIS portfolios to bespoke fund management, and corporate finance services. The Group provides (a) investment services to investors seeking exposure to SMEs, including high-net-worth individuals, family offices, private-sector institutions and public-sector bodies; and b) financing and associated advisory services to growth companies in the form of equity capital and debt finance.
Braveheart Ventures Ltd is now one of several wholly-owned subsidiaries, and from 1 February 2013 will be renamed Strathtay Ventures Limited, www.strathtayventures.co.uk. A new Group website, www.braveheartgroup.co.uk, also reflects the Group's expansion and development over the last few years.
Following a change in landlord, the name of the registered office address of the Company and associated Group companies is now Merlin House, Necessity Brae, Perth, PH2 0PF, United Kingdom.
Geoffrey Thomson, Chief Executive, said: "The Group has expanded considerably, despite challenging market conditions. We continue to finance UK based SMEs to the benefit of investors here and abroad. The rebranding and the launch of our new website reflect our current activities and ambitions."
Further information:
Braveheart Investment Group plc
Merchant Securities Limited (Nominated Adviser and Broker to Braveheart)
Lindsay Mair Catherine Miles |
Tel: 020 7628 2200 |
Media enquiries:
Allerton Communications
Notes to Editors
Braveheart Investment Group plc
Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows:
For the company looking to raise money, we provide:
· Equity capital. This form of financing is typically long term and is usually appropriate for fast growing businesses or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum of £2m although we are happy to participate in larger financings as part of a syndicate;
· Debt finance. Short to medium term and for companies with cash flow to service the loan. Our unit size for this type of finance is up £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument; and
· Corporate finance advice on all aspects of raising money, strategic development and corporate governance.
The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.
To the investor, we provide a one stop shop service to those in one of the following groups who are looking for exposure to SME investments:
· High net worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;
· Family offices and private sector institutions; and
· The Public sector.
Investors can choose between investment types ranging from self-build portfolios, to a full fund management service.
