Investment in Chargemaster

RNS Number : 1439Y

Braveheart Investment Group plc

17 December 2010

 



17 December 2010

Braveheart Investment Group plc

("Braveheart" or the "Group")

Investment in Chargemaster plc

Braveheart Investment Group (AIM: BRH) announces that Envestors Limited, its wholly owned subsidiary, has led a financing of Chargemaster plc, the provider of innovative products enabling the practical day to day use of electric vehicles.

Envestors, which provides a service matching fast growth companies with high net worth investors and family offices, raised £1.5 million in equity funding to enable Chargemaster to expand its sales forces and enhance its dominant market position.

Chargemaster has developed an advanced range of electric vehicle charging solutions.  With annual revenues in excess of £1 million and with a range of blue chip customers, the company is experiencing growth in worldwide demand for charging points as motor manufacturers develop electric cars and plug in hybrids. Its products are installed on streets, in public car parks, at supermarkets, in office car parks and at people's homes.

Commenting on the investment, Oliver Woolley Managing Director of Envestors, said: "Chargemaster represented a unique opportunity to invest in infrastructure needed for the future growth of carbon free motoring."

"We are grateful for the help of Envestors in securing £1.5 million in 10 weeks," added David Martell, Chief Executive of Chargemaster plc, who previously founded Trafficmaster Plc.

For further information please visit:

 www.braveheartinvestmentgroup.co.uk

 www.envestors.co.uk

www.chargemasterplc.com,

Or contact:

Braveheart Investment Group plc	Seymour Pierce
Geoffrey Thomson, Chief Executive	John Cowie (Nominated Adviser)
Tel: [phone]	Jeremy Stephenson, Paul Jewell (Corporate Broking)
[e-mail]	Tel: [phone]
Envestors Limited	Media inquiries
Oliver Woolley, Managing Director Tel:  [phone]	Allerton Communications (for Braveheart) Peter Curtain
[e-mail]	Tel: [phone] [e-mail]

Notes to editors

Braveheart Investment Group makes and manages investments in young, emerging British companies, specialising in building tax efficient portfolios for business angels, high net worth individuals and family offices. Braveheart was founded in 1997 by a small group of investors to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Fourteen years on, Braveheart is a public company with a demonstrable track record in technology investing, an established client base and various funds under management.  The Group has offices in Perth, London, Yorkshire and Jersey with franchise operations in Dubai and Manchester.

Investments are made in unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with leading universities and innovation centres, Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently some 45 companies in Braveheart's diverse portfolio (includes all companies where the Group has a financial interest) and it has completed more than 90 deals.

Following the 2010 acquisition of Envestors Limited, the London based specialist corporate finance advisory business, Braveheart offers a unique and comprehensive suite of tax efficient products to high net worth investors.

 

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