Symington's scoops two business awards
David Salkeld, Chief Executive of Leeds-headquartered food manufacturer Symington's, has been named CEO of the Year for the North East by the British Private Equity & Venture Capital Association (BVCA).
Symington's, the company behind Campbell's and Aunt Bessie's, picked up a second award in the Large Buyout Management Team of the Year category, which is for private equity-backed companies acquired for more than £100m and recognises a management team's outstanding contribution to the growth of the company over the course of 2012, demonstrating strategic vision and overall development of the business.
Symington's was backed by Bridgepoint until June 2012 when the business was acquired by ICG.
The BVCA Management Team Awards, produced in partnership with Clearwater Corporate Finance, are a year-long process of nominations and judging established to celebrate the achievements of private equity and venture capital-backed companies.
Symington's was one of five winners in the North East finals. All will be automatically entered to the national finals, the winners of which will be announced at a ceremony in London on 4 July 2013.
The full list of winners for the North East:
Winner |
Backed by |
Category |
Large Buyout Private Equity-backed Management Team of the Year | Symington's | Bridgepoint (until June 2012) and ICG (from June 2012) |
Mid Market Private Equity-backed Management Team of the Year | Adler and Allan Group | Spirit Capital |
International Impact Management Team of the Year | Allied Glass | Equistone Partners Europe |
Exit Management Team of the Year | Winder Power | YFM Equity Partners |
Community & Environmental Action | Volvox Group | Elysian Capital |
CEO of the Year | David Salkeld, Symington's |
John Rastrick, Chairman of the judging panel and Partner of Phoenix Equity Partners, said:
"On behalf of the judging panel I would like to congratulate the winners of the BVCA Management Team Awards for 2013. The judging process has been difficult for the panel as the shortlist for the North East was indeed a long list of high quality teams who have performed strongly in this difficult market. The diversity of the businesses we saw highlights the range and quality of companies operating in the North East. In our evaluation, the panel was struck by the gritty determination and creative intelligence of the management teams in delivering their strategic ambitions.
"We considered a number of important factors in our assessment process, including international expansion, strategic diversification, and successful transition of ownership via a sale or private equity exit. In addition, sustained strong financial performance and a commitment to serving the local community by, for example, growing employment or supporting environment sustainability, were also important factors.
"I would like to add that the BVCA and the BVCA members are extremely proud to have worked with and partnered such high calibre and successful individuals."
Notes to editor
- The BVCA Management Team Awards, produced in partnership with Clearwater Corporate Finance, and sponsored by Newton Europe Limited, DC Advisory and Speechly Bircham LLP, are the only awards to celebrate the achievements of private equity and venture capital-backed management teams. The national awards ceremony is the culmination of a year long process which began at regional level, the winners of which were announced in April and May. All the winners of the regional awards were entered into the national final. Please click here for more information.
- 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.
- Clearwater Corporate Finance is the leading independent corporate finance house in the UK with an exceptional track record of more than 400 completed transactions. We advise on all aspects of corporate finance transactions from mergers and acquisitions (M&As) and company sales to management buy-outs (MBOs). Our clients include management teams, owner-managers, private equity firms and large corporates. We differentiate our service through our:
- Independence - as we are not linked to any larger financial institution or consulting firm, we can provide objective advice without any potential conflict of interest.
- Cross-border capability - the close communication between our four UK offices and our partners in IMAP, makes us a natural choice for cross-border transactions.
- Sector expertise - our global sector teams offer clients a unique insight into M&A opportunities across the world.
- Research and origination - with 25 per cent of staff focused on these activities, we offer a market-leading capability to identify strategic opportunities for clients.
- Excellence - we are committed to excellence in our service delivery and each client project is managed in a bespoke manner.
- Commitment - as an owner-managed, partner-led firm, we guarantee a high level of partner involvement. We take a long-term view to build trust and lasting relationships. The size of our team and the deals we advise on make us the most active independent corporate finance house in the markets in which we operate.
- IMAP is a global partnership of leading M&A and corporate finance firms. Formed in 1973, IMAP is represented in over 40 countries throughout North and South America, Eastern and Western Europe, Australia and Asia by more than 400 experienced transaction advisors. In 2011, IMAP advisers completed 225 transactions, with an aggregate transaction value of more than $11 billion. IMAP advisers provide strategic merger, acquisition, divestiture and related corporate finance services. More information is available at www.imap.com.