14 Jun 2018

Scotland’s best companies were celebrated last night as the BVCA held its annual Scotland Management Team Awards at a dinner in Edinburgh.

Produced in association with Grant Thornton, the BVCA Management Team Awards recognise the highest performing companies around the UK that are backed by private equity and venture capital. Full details, including judging criteria and past champions, can be found here.

The Scottish winners will pick up their prizes tonight as part of the BVCA’s annual Scotland Dinner at The Balmoral Hotel. All of them will now be forwarded into the national final to compete companies from across the country, before the UK winners are announced at the BVCA Gala Dinner on 29 November in London.

The full list of winners for the BVCA Scotland Management Team Awards 2018:

Backed by
Enermech Lime Rock Partners Large Company Management Team
John McGavigan Maven Capital Partners Mid-market Management Team
Incremental Group Maven Capital Partners Growth Management Team
Cyberhawk Innovations Scottish Equity Partners Venture-backed Management Team

What the judges say

Large Company Management Team

Backed by Lime Rock Partners

Enermech’s successful product extensions into de-commissioning helped generate significant earnings growth. It is very global with a great management team and business.

Mid-Market Management Team
John McGavigan

Backed by Maven Capital Partners

Great success story in the challenging automotive supplier market. Special credit to its successful internationalisation with its factory in China and the launch of new products.

Growth Management Team
Incremental Group

Backed by Maven Capital Partners

The judges were impressed with their financial performance and ability to win large scale clients, as well as their impressive staff growth over the past year.

Venture-backed Management Team
Cyberhawk Innovations

Backed by Scottish Equity Partners

This is not just a drone business but also one with a clever data capture method. It also underwent a successful transition to new management, as well as securing new and large clients. IHawk, its visual asset management software, is a game changer.

For further information, please contact

Tom Allchorne, Director, Communications, BVCA
+44 (0)20 7492 0407

Notes to editor

  1. The BVCA Management Team Awards, produced in association with Grant Thornton UK LLP, are the only awards to celebrate the achievements of private equity and venture capital-backed management teams. There are eight regions in total, each with their own judging panel, and all winners are automatically forwarded to the national final, the results of which will be presented at the BVCA Annual Gala Dinner on 29 November in London.

  2. The Scotland judging panel consists of: Andrew Craig, Maven Capital Partners; Neil McInnes, Grant Thornton; Steve Scott, Penta Capital; Phil Goodwin, BVCA; David Wilson, Panoramic; Colin Bennet, LDC; Euan Baxter, BGF; Simon Rowan, Dunedin.

  3. The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 700 member firms, representing the vast majority of UK-based private equity and venture capital firms and their advisers.

  4. Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, forward-thinking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them to find solutions. More than 35,000 Grant Thornton people, across over 100 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work. The UK Grant Thornton member firm provides services to over 40,000 privately held businesses, public interest entities and individuals. It is led by more than 185 partners and employs more than 4,200 of the profession's brightest minds. Find out more at

Further information


 +44 (0)20 7492 0400