Business
First exit from fund
First exit from fund.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 2005K Braveheart Investment Group plc 26 July 2013 \n \n\n \n26 July 2013\nBraveheart Investment Group announces first exit of Finance Yorkshire Equity Linked Fund\nBraveheart Investment Group plc (the 'Group' or the 'Company') (BRH), the AIM-listed investment management group providing debt, equity and advisory services to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices, and public sector organisations, is pleased to announce that the Finance Yorkshire Equity Fund ('the Fund') has realised its investment in Rotherham-based S3 ID after Singapore-listed CSE Global acquired 75% of the business, valuing S3 ID at £10million.\nFinance Yorkshire provides seedcorn, loan and equity-linked investments to SMEs across Yorkshire and Humber, with the Equity Linked Fund being managed by Viking Fund Managers, a wholly owned subsidiary of Braveheart Investment Group.\nS3 ID was the first investment made by the Fund, with completion in January 2011. The Fund took a 25% stake in the company which is the UK's market-leading provider of innovative location awareness software. The sale represents the first exit for the Equity Linked Fund which has made an aggregate return of £3.4million from an original investment of £1.6million, generating a money multiple of 2.2 on the transaction.\nS3 ID, which also has regional offices in Norway and Singapore, has developed a unique product range from its experience of serving the on-shore and off-shore oil, gas and energy industries.\nFurther information:\nBraveheart Investment Group plc\nGeoffrey Thomson, Chief Executive ...