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Braveheart sets sights on investment businesses

THE chief executive of Braveheart Investment Group has said it wants to buy more investment management firms, although its directors believe the economic outlook is likely to remain bleak for some time.

Geoffrey Thomson said Perth-based Braveheart is in talks with "two or three" potential acquisition targets which could help the company achieve its ambition of building a portfolio of investment businesses across the UK.

These would specialise in linking early stage firms in sectors such as software and healthcare with people who could provide the growth capital they need.