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Welsh businesses recognised for exceptional performance

Publish Date 30 Jun 2022
Categories Awards
Two Welsh business, both supported by private equity and venture capital, have been recognised for their exceptional performances in 2021.
Health & Her and Delio, both of which are headquartered in Cardiff, have received this recognition as part of the British Private Equity and Venture Capital Association’s (BVCA) ‘Vision 2022’ initiative.

Vision 2022, produced in collaboration with Grant Thornton, shines a light on the best management teams backed by the BVCA’s private equity and venture capital members.

Judging criteria includes growth, competitiveness, innovation and ESG factors, and judges consider the firms’ focus on the future as well as past performance.

Representatives from each of the recognised companies received a trophy at a ceremonial dinner in Bristol on 30 June 2022.

Michael Moore, BVCA Director General, added:

“Private equity and venture capital are supporting businesses across Wales to innovate, grow, create jobs and bring value to the communities they operate within.

“The companies recognised are leading examples of how a business can grow with the funding, business expertise and hands-on management approach synonymous with private capital.”

Grant Thornton Corporate Finance Director, Nick Jones said:

“Health & Her and Delio are both hugely impressive businesses which have grown at a stellar rate. It’s therefore fantastic to see the superb contributions from the management teams quite rightly recognised.”

“Private equity is an essential element of the funding landscape in the UK mid-market and there are a lot of opportunities out there for ambitious businesses and management teams.”

The recognised firms

Delio is a high-growth SaaS business providing white-labelled private market technology solutions to financial institutions all around the world. The company has been supported by the Development Bank of Wales since 2017 (and provided a second round of follow-on funding in 2020) and has also been backed by Maven Capital Partners and Octopus Ventures.

The judges recognised Delio as a great example of innovation and, specifically, employee growth. Headcount has doubled to 85 people in the last 3 years, creating fintech-focused jobs in the regions and driving a start-up tech culture in Cardiff.

Health & Her

Health & Her initially established a marketplace and e-commerce platform to provide products, information and professional advice to help women going through menopause. Development Bank of Wales (DBW) provided funding in 2019 and 2020 and went on to support the team to develop its branded range of tech-enabled products and services. Over the years, Health & Her has grown into a full ecosystem for menopause with insights from the website, app, and clinic fuelling pioneering innovation.

The judges recognised Health & Her as highly innovative and a creator of ‘public value’ in the region given the impact it makes on, and awareness it raises of menopausal health.

You can read more about the recognised businesses in the judging booklet here, or more about Vision 2022 on its webpage, here.

Read the judging booklet

For media enquiries please contact:

Will English, External Communications Manager

Notes to editors

About the British Private Equity & Venture Capital Association

The BVCA, as the representative body for private equity and venture capital, connects institutional investors, fund managers, companies, advisers and service providers together, with our membership currently comprising more than 700 businesses from across the private capital ecosystem. This includes more than 325 PE and VC firms, 100 institutional investors and 220 professional services firms.

Private capital drives growth – providing the funding, expertise and long-term view that enables companies to innovate and flourish. Our mission is to advocate the transformative nature of the private equity and venture capital community.