09 Jun 2017

BVCA announces winners of Scotland Management Team Awards 2017

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The winners of the British Private Equity & Venture Capital Association (BVCA) Management Team Awards 2017 for Scotland have now been announced. These awards are our annual celebration of UK companies supported by private equity and venture capital funds, produced in association with Grant Thornton UK LLP.

Now in their ninth year, the BVCA Management Team Awards recognise and reward brilliant businesses across the country that have been backed by UK private equity and venture capital investors.

The Scotland winners were announced and presented with their prizes yesterday evening, as part of the BVCA National Dinner Series – the premier annual gatherings of regional private equity and venture capital professionals in the UK. They will then go forward into the national final to compete against our other regions, before the national winners are announced at the BVCA Gala Dinner on 30 November in London.

The full list of winners for the Scotland Management Team Awards 2017:

Winner 
Backed by
Category
Skyscanner Scottish Equity Partners Large Company Management Team
Crawford Scientific Maven Capital Partners (Joint) Mid-Market Team
RAMCO LDC (Joint) Mid-Market Team
Keenan Recycling Business Growth Fund Growth Management Team
Vert Rotors Par Equity Venture-backed Management Team
McGavigan Ltd Maven Capital Partners Business Transformation Management Team

Andrew Craig, chair of the Scotland judging panel and partner at Maven Capital Partners said: “The businesses of Scotland have truly had a great year. The 2017 BVCA Management Team Awards will recognise and showcase these thriving local companies, which are supported by private equity and venture capital. Congratulations to this evening’s winners and best of luck in the national final.”

Neil McInnes, Corporate Finance Director at Grant Thornton and a member of the judging panel, added: “This year’s winning businesses have demonstrated the wealth of talent currently driving Scotland’s vibrant economy. Despite facing a challenging and uncertain climate, private equity and venture capital-backed firms from a wide range of sectors are playing an increasingly important role in delivering resilient growth through innovation, collaboration and focused investment.”

The winners are:

Large Company Management Team

Skyscanner
Backed by Scottish Equity Partners


Skyscanner compare cheap flights, hotels & car hire from more providers than anyone else.

Judge’s comments: "This business continued to make significant progress in 2016, in the scale of its operations and in investing in its team and capabilities. The culmination of the year was the $1.75bn acquisition by CTrip. Skyscanner will continue to operate independently and remains a global success for the Scottish tech sector."



(Joint) Mid-Market Team

Crawford Scientific
Backed by Maven Capital Partners


Suppliers of chromatography columns and consumables, spe products, instrument supplies, mass spectrometry training and analytical services.

Judge’s comments: "The successful integration of a key acquisition followed Maven’s investment in 2014 and this has taken the business to a new level. The judges were impressed with the management team’s skill in building for growth and in using the acquired company to drive international expansion."



(Joint) Mid-Market Team

RAMCO
Backed by LDC


RAMCO is one of the largest independent organisations specialising in the care and maintenance of Oil Country Tubular Goods (OCTG) used in the international upstream oil and gas industry.

Judge’s comments: "The judges were impressed with the resilience of this business through the difficult oil & gas market of the last few years. Derek Smith and his team have invested through the downturn, growing the business at a time when others were cutting back. Their determination to push ahead has paid off in terms of growth, market share and profitability."



Growth Management Team

Keenan Recycling
Backed by Business Growth Team


Keenan Recycling is an award winning food waste recycling company which provides reliable and regular collections across the whole of Scotland.

Judge’s comments: "Grant Keenan has grown this business from start-up to become market leader in Scotland for organic waste recycling. The investment and partnership with BGF has supported further growth and brought in some experienced advisers. The business is now set to expand across additional regions."



Venture-backed Management Team

Vert Rotors
Backed by Par Equity


Vert Rotors is a technology pioneer that designs and manufactures the world’s most compact high pressure, low-vibration screw compressors.

Judge’s comments: "Olly Dmitriev and his team have built a new engineering product with disruptive performance and are manufacturing in Scotland for customers globally. The judges were impressed with the rapid integration of engineering breakthrough and commercial traction."



Business Transformation Management Team

McGavigan Ltd
Backed by Maven Capital Partners


McGavigan Ltd is a provider of technical plastic components and assemblies to the automotive, industrial, medical and consumer products sectors.

Judge’s comments: "The judges applauded the management team for the skill with which they have reconfigured this business around manufacturing in China, serving Asian as well as European customers. Growth in the past year has been impressive, and the commitment both to R&D and to further international expansion should create further growth opportunities."



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 30 November in London. Please click here for more information.

  2. The Scotland judging panel consists of: Andrew Craig, Maven Capital Partners; Neil McInnes, Grant Thornton; Steve Scott, Penta Capital Limited; Tony Robinson, Scottish Equity Partners; David Wilson, Panoramic; Colin Bennet, LDC; Paddy Graham, Business Growth Fund; Tony Lochery, Panoramic; Craig Gallagher, MB Aerospace.

  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 600 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 www.grant-thornton.co.uk.







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