Opening of London Office

RNS Number : 0072J

Braveheart Investment Group plc

27 November 2008

 



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: [phone]

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
Richard Nunneley, Director of Marketing	Simon Hudson / James Midmer
Geoffrey Thomson, Chief Executive	Tel: [phone]
Tel: [phone]	[e-mail]
[e-mail]	[e-mail]
[e-mail]

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. 

 

END

 

 

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