Braveheart sells e–business for £1.9m

Braveheart, the Perth-based investment group, has completed the disposal of a European e-learning business for €2.2m (£1.9m).

The deal to sell Interactive Dialogues (ID), which has operations in the UK and Belgium, was secured via Braveheart’s subsidiary Envestors.

ID specialises in the supply of e-learning and information products with a global client base that includes Associated British Foods, recruitment firm Hays, brewer AB InBev and mining group Xstrata. It has been bought by Aim-quoted Idox, a supplier of software and services.

Geoffrey Thomson, chief executive of Braveheart, whose backers include high net worth individuals, said: “It is encouraging that Envestors was able to facilitate this deal to the satisfaction of both parties in such a challenging climate.”