Braveheart, the Scottish-based investment group, plans to float on the London Stock Exchange’s Alternative Investment Market (AIM) and raise £20m in late May. Braveheart was set up in 1997 to pool the investment capital of high net worth individuals and corporate entities in making venture capital style investments. These relationships are managed either as active investors (known as advisory clients) or as passive investors (known as discretionary clients.) The former build their own portfolios on the basis of deals screened by Braveheart and the latter have portfolios built for them by Braveheart on the basis of a pre-agreed investment strategy.
Post float, Braveheart expects to have a market capitalisation of between £30m and £40m and the £20m raised will be used for development of the business and investment purposes.
Braveheart typically invests in young, emerging, unlisted companies it believes have significant potential for growth. Investments are typically focused on companies with global technology solutions as well as some more traditional businesses. The current portfolio ranges from start up to businesses in pre-listing situations.