StockMarketWire.com - AIM-listed investment management group Braveheart is reorganising its Yorkshire businesses.
Braveheart's wholly-owned subsidiary Neon Capital Partners Limited, the manager of the Finance Yorkshire Equity Fund, acquired the fund management business of its sister company, Viking Fund Managers Limited on 31 March and thereafter changed its name to Viking Fund Managers Limited, with effect from 11 April.
Braveheart chief executive Geoffrey Thomson said: "In the 12 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."
Additionally, as of 1 April, Braveheart's wholly-owned subsidiary Envestors Limited has acquired the rights to operate the Yorkshire Association of Business Angels from Yorkshire Association of Business Angels Limited and will combine this with the YABA secretariat, previously operated by VFM.
Envestors director Scott Haughton 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."
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