Envestors secures Cherrygood funding

RNS Number : 5550T

Braveheart Investment Group plc

08 December 2011

 



8 December 2011

Braveheart Investment Group plc

("Braveheart" or the "Group")

Envestors secures £882,000 equity funding for Cherrygood

Braveheart (AIM: BRH), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices,  announces that Envestors Limited, its wholly owned subsidiary, has closed a £882,000 equity fundraising for Cherrygood Limited.

Cherrygood is a fast-growing juice brand in the UK, selling in Tesco, Asda, Sainsbury's, Morrisons and Waitrose, and is expanding rapidly through increased distribution and the launch of new products. Developed to capitalise on the global trend of health and wellbeing that is driving innovation in the food and drink sector, Cherrygood aims to be the global cherry brand of choice.

Cherrygood's Montmorency cherries offer significant health benefits including very high antioxidant levels. They are rich in melatonin and used to aid muscle recovery. Cherrygood is consumed by Olympic athletes and other sports people.

Scott Haughton, Founder Director of Envestors, said: "We believe this business has significant global growth potential."

John Heseltine, Managing Director of Cherrygood, who previously founded the UK juice bar brand Lovejuice, said: "The money will be used to grow market share in the UK and to continue growth in Europe, the Middle East and the US, specifically, to strengthen the commercial team and support the launch of new products."

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive [e-mail]

Tel: [phone]

Seymour Pierce Limited

Freddy Crossley (Nominated Adviser) Paul Jewell, David Banks (Corporate Broking)

Tel: [phone]

Envestors Limited

Scott Haughton, Founder Director [e-mail]

Tel: [phone]

Cherrygood Limited

John Heseltine, Managing Director [e-mail] / www.cherrygood.com

Tel: [phone]

Media enquiries:

Allerton Communications

Peter Curtain [e-mail]

Tel: [phone]

Notes to Editors

Braveheart Investment Group plc

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 has a demonstrable track record in 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.

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.

For more information: www.braveheartinvestmentgroup.co.uk

Envestors Limited

Envestors enables investors to source dynamic unquoted companies in need of growth capital.  Comprising more than 1,000 fee-subscribed private investors, 14 family offices and a range of funds and venture capital sources, its network has helped over 65 companies raise in excess of £25 million, the majority of opportunities attracting taxation benefits under the Enterprise Investment Scheme (EIS).

Services to companies include intensive preparation for fundraising, initial due diligence and screening, facilitating corporate fundraising through in-demand investor presentation events and face-to-face meetings with potential investors, and placing of non-executive talent.

Envestors was awarded the "Private Investor Network of the Year" at Investor Allstars in 2009 and again in 2011 and is a subsidiary of Braveheart Investment Group plc.

For more information: www.envestors.co.uk

 

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