Sponsored by
Braveheart acquires Viking Fund operator in £1.3m deal
Braveheart, the technology and investment management company, has acquired Inkopo, a specialist investment business based in Yorkshire.
The deal comprises an initial cash payment and three tranches of Braveheart shares over the next two years, subject to a maximum value of 1.31 million.
Inkopo operates the Viking Fund, which is headed by Andrew Burton.
Geoffrey Thomson, the chief executive of Braveheart, said: "This acquisition is in line with our stated growth strategy and demonstrates our ability to find and execute such transactions.
"Inkopo complements our existing business and we now have operating bases in Perth, London and Yorkshire.
"Our plans are to grow Inkopo by making additional operational and financial resources available to the incumbent management and we look forward to working closely with the team.
"Andrew Burton who runs the business is a well known and respected operator in our market place and I welcome him and his people to the group."
Andrew Burton, the chief executive of Inkopo, said: "This is a logical step in the growth of Inkopo.
"Being part of a larger organisation gives us access to additional resources and means that we can grow the business at a faster rate than would otherwise be possible.
"Braveheart are respected players in our sector and we look forward to working with them."
Inkopo specialises in technology investing and has core businesses in the areas of, investment facilitation, portfolio management and management services.
The board of Braveheart said "a strong complementary fit exists between the two businesses in terms of management expertise, service offering, clients, relations with academic and publicly funded bodies and geographic coverage".
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Yorkshire
Wednesday 23 May 2012
Today
Sunny
Temperature: 12 C to 25 C
Wind Speed: 12 mph
Wind direction: North
Tomorrow
Cloudy
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North east
