Banking partnership with HSBC

RNS Number : 1794D

Braveheart Investment Group plc

18 March 2011

 



18 March 2011

Braveheart Investment Group plc

Banking partnership with HSBC

Braveheart Investment Group (AIM: BRH) ('Braveheart' or the 'Group'), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, has entered into a banking partnership with HSBC Bank (the 'Bank').  The agreement involves the provision of credit facilities to the Group, operating accounts for both the Group and its clients, case by case specialist services and funding for portfolio companies.  The partnership replaces that which the Group enjoyed with HBoS before it became part of Lloyds Banking Group.

Geoffrey Thomson, CEO of Braveheart, said: "We are pleased to announce this partnership. Given our increasingly international focus we felt it was important to work with a bank that offered clear expertise overseas as well as a strong footprint here in the UK.  HSBC is developing its SME business in Scotland, where Braveheart has its headquarters, and understands how important the private company growth market is to the UK as a whole."

John Rendall, CEO of HSBC Scotland said: "We are delighted to welcome Braveheart Investment Group as a new client and provide them and their associated companies with the finance package and relationship-based banking approach to support their business growth.  Our emphasis on providing relationship management through our Commercial division and within our branches continues to attract new customers to HSBC, and our international reach will undoubtedly provide Braveheart Investment Group with a seamless banking service as they look to develop their business overseas."

For further information please visit:

www.braveheartinvestmentgroup.co.uk

www.hsbc.co.uk

Or contact:

Braveheart Investment Group plc	Seymour Pierce
Geoffrey Thomson, Chief Executive Tel: [phone] [e-mail]	John Cowie (Nominated Adviser) Jeremy Stephenson, Paul Jewell (Corporate Broking) Tel: [phone]
HSBC Scotland	Media inquiries
Consolidated PR Linda McIntyre Tel: [phone] [e-mail]	Allerton Communications (for Braveheart) Peter Curtain 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 early-stage technology investing, an established client base and offices in Perth, London and Yorkshire.

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 100 deals.

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

 

END

 

 

MSCEAXDXFDLFEFF