Last checked at 20 Dec 2011 07:00
20 December 2011
Braveheart Investment Group plc
Further investment in Conjunct Limited
Braveheart Investment Group (AIM: BRH) ('Braveheart' or the 'Group'), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, announces that it has led a third round of funding for its portfolio company Conjunct Limited. Investors in the c£340,000 round included the Group, Braveheart clients and Scottish Investment Bank's Scottish Co-investment Fund.
With the growth of the internet and an unprecedented demand for faster data transfer, fibre optic cabling is becoming mainstream, replacing traditional copper cables. To achieve faster connectivity within the fibre optic cable networks and support higher data rates, Conjunct has developed a highly innovative transceiver module, Fibre-Lyte. It is a novel packaging solution which can be applied to both datacoms and telecoms markets and has the potential to support data rates up to 300Gbps.
Conjunct, which is based in Livingston, central Scotland, has engaged with global organisations to integrate Fibre-Lyte into their product lines. The new money will be used to support Conjunct's production engineering activities for Fibre-Lyte manufacture and to complete development of a new Fibre-Lyte variant.
Geoffrey Thomson, Chief Executive of Braveheart, said: "Conjunct is now well placed to take advantage of the high demand for innovative optoelectronic solutions such as Fibre-Lyte and Conjunct is now in advanced discussions with the leading market players in optical systems."
Ken Allstaff, CEO of Conjunct, commented: "We are keen to move to the next stage of the Company's growth and are delighted to have again secured backing from Braveheart to allow us to offer Fibre-Lyte at costs and quantities which will enable continued market traction."
For further information please visit www.braveheartinvestmentgroup.co.uk and www.conjunct.co.uk or contact:
Braveheart Investment Group | Conjunct Limited |
Geoffrey Thomson, Chief Executive | Ken Allstaff, Chief Executive |
Tel: 01738 587555 | Tel: 01506 465700 |
gthomson@braveheart-ventures.co.uk | ken.allstaff@conjunct.co.uk |
| |
Seymour Pierce Limited | Allerton Communications (for Braveheart) |
Freddy Crossley (Nominated Adviser) | Peter Curtain |
Paul Jewell / David Banks (Corporate broking) | Tel: 020 3137 2500 |
Tel: 020 7107 8000 | peter.curtain@allertoncomms.co.uk |
Notes to Editors
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 was founded in 1997 by a small group of investors to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Fourteen years on, Braveheart is a public company with a demonstrable track record in technology 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.
Investments are made in unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with leading universities and innovation centres, Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently some 45 companies in Braveheart's diverse portfolio (includes all companies where the Group has a financial interest) and it has completed more than 90 deals.
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.