Business
Reorganisation of Yorkshire businesses
Reorganisation of Yorkshire businesses.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 1722C Braveheart Investment Group plc 12 April 2013 \n \n\n12 April 2013\nBraveheart Investment Group plc\n('Braveheart', the 'Company' or the 'Group')\n \nReorganisation of Yorkshire businesses\n \nBraveheart Investment Group plc (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, announces the reorganisation of its Yorkshire businesses.\n \nOn 31 March 2013 Braveheart's wholly-owned subsidiary Neon Capital Partners Limited ('Neon'), the manager of the Finance Yorkshire Equity Fund, acquired the fund management business of its sister company, Viking Fund Managers Limited ('VFM') and thereafter changed its name to Viking Fund Managers Limited, with effect from 11 April 2013.\n \nGeoffrey Thomson, Chief Executive of Braveheart, commented: \"In the twelve months since the Group acquired Neon we have invested in a good team to deliver Neon's fund management operations in Yorkshire and it was a natural decision to bring together our two Yorkshire fund managers. Viking Fund Managers has a proud history of supporting businesses in Yorkshire and is the brand that we have chosen to continue to operate under, in the region.\"\n \nAdditionally, as of 1 April 2013, Braveheart's wholly-owned subsidiary Envestors Limited has acquired the rights to operate the Yorkshire Association of Business Angels ('YABA') from Yorkshire Association of Business Angels Limited and will combine this with the YABA secretariat, previously operated by VFM.\n \nScott Haughton, a director of Envestors, said: \"YABA has been adapting its business model to develop its longer term sustainability. Envestors is ideally placed to power the growth and sophistication of YABA with increased deal flow and syndication opportunities for its members alongside Envestors' extensive private investor network.\"\n \nFurther information:\n \nBraveheart Investment Group plc\n\n\n\n\nGeoffrey Thomson, Chief Executive\[email protected]\n\n\nTel: 01738 587555\n\n\n\n\n \nSanlam Securities UK Limited (Nominated Adviser and Broker to Braveheart)\n\n\n\n\nLindsay Mair\nCatherine Miles \n\n\nTel: 020 7628 2200 \n \n\n\...