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Innovia picks up two North West business awards
12 May 2014

Innovia Group, the Wigton-based manufacturer of plastics to be used in the new £5 and £10 notes, has been named one of the businesses of the year in the North West by the British Private Equity & Venture Capital Association (BVCA).

Innovia, which specialises in producing a range of speciality films for packaging and labelling, was named large business of the year in the North West for its performance over the last 12 months, not least of which was winning the contract to produce the materials for the new plastic banknotes by the Bank of England.

The prize was part of the BVCA Management Team Awards, produced in partnership with Grant Thornton, an annual celebration of the best and brightest UK businesses which are supported by private equity and venture capital. Innovia is backed by Arle Capital Partners.

The business also won in the International Impact category for its activity and expansion into global markets.

Innovia was one of five winners in the North West final of the awards. All will now go on to contest the national finals, the results of which will be revealed at a ceremony in London on 18 June.

The full list of winners in the North West:

Category
Winner
Backed by
Large Buyout Private Equity-backed Management Team of the Year Innovia Group Arle Capital Partners
Mid Market Private Equity-backed Management Team of the Year Metronet (UK) LDC
Venture Capital-backed Management Team of the Year Better Bathrooms Business Growth Fund
International Impact Management Team of the Year Innovia Group Arle Capital Partners
Exit Management Team of the Year Matrix Energy Services LDC
Community & Environmental Action Forrest LDC
Best for Innovation ChargePoint Technology Enterprise Ventures
CEO of the Year Ian Kelly, Matrix Energy Services LDC

Phil Whaley, a corporate finance director at Grant Thornton LLP, commented:

“This year’s entrants were drawn from a wide range of sectors but shared much in common in terms of effective strategic vision, solid execution of plans, and talented management teams leading the way. Their achievements demonstrate the value of these fundamental attributes when coupled with the appropriate structure of equity funding – a recipe for really unlocking the potential for growth. The regional winners will help demonstrate the strength and diversity of our economy when they attend the national finals.”


Notes to editor
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  1. The BVCA Management Team Awards, produced in partnership with Grant Thornton, are the only awards to celebrate the achievements of UK private equity and venture capital-backed management teams. The awards consists of two rounds: regional and national. Each of the eight regions has a judging panel which decides on the winners following nominations from BVCA members and a comprehensive due diligence programme with in-depth interviews. The regional winners were announced in May and can be found here. All were automatically entered into the national final. For more information about the award categories please click here.

  2. 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 500 member firms, representing the vast majority of UK-based private equity and venture capital firms and their advisers.

  3. 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 www.grant-thornton.co.uk
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Further information

FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA

 +44 (0)20 7492 0400

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