Opening of London Office
27 November 2008
Braveheart Investment Group plc
('Braveheart' or the 'Group')
LONDON OFFICE
Braveheart opens office in central London
Braveheart (AIM: BRH), the technology commercialisation and investment management company, today announces the opening of a new office in central London, its first outside the Group's headquarters in Perth. The London office opening is part of Braveheart's strategy to broaden the Group's presence in the UK and follows the appointment of Richard Nunneley earlier this month as Director of Marketing. Richard is based in the London office. Contact details are:
Braveheart Investment Group plc
29 Farm Street
London
W1J 5RL
Tel: 0203 178 2622
Commenting on the opening, Geoffrey Thomson, Chief Executive of Braveheart said,
'Early stage technology investment is a vital driver of the economy and talented individuals and universities will continue to generate potentially profitable businesses throughout the UK. Appetite for this higher risk but higher return investment will return to normal levels when we can look through the recession to the start of economic recovery. When that happens, Braveheart intends to be in a position to take maximum advantage of a wider range of attractive opportunities.
'This measured and careful expansion, with Richard's appointment and the opening of a London office, will also allow us to access additional investment funds from institutions and individuals.'
For further information please visit www.braveheart-ventures.co.uk or contact:
|
Braveheart Investment Group |
Tavistock Communications |
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Richard Nunneley, Director of Marketing |
Simon Hudson / James Midmer |
|
Geoffrey Thomson, Chief Executive |
Tel: 020 7920 3150 |
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Tel: 0203 178 2622 |
shudson@tavistock.co.uk |
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jmidmer@tavistock.co.uk |
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|
|
Notes to Editors
Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.
Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.
Braveheart's diverse portfolio currently comprises over 30 companies and it has completed over 75 deals in its eleven year history, including 6 IPOs, 3 trade sales and 8 write-offs and has an exit IRR of 33%.
At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade.
This information is provided by RNS
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