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Finance Wales portfolio company, Creo Medical wins Best for Innovation at the BVCA Management Team Awards 2015

Chepstow-based Creo Medical has been recognised with a prestigious national award from the UK’s investment community at the British Private Equity & Venture Capital Association’s (BVCA) Management Team Awards 2015 held on 25th June 2015.

This is the second year in a row that a Finance Wales portfolio company has triumphed in the Best for Innovation category in both the Welsh regional and National awards, with North Wales-based ADC Biotechnology winning in 2014.
Congratulating Creo Medical on winning this award Dr Richard Thompson from Finance Wales’ technology venture investments team said: “Creo Medical is an emerging med-tech leader and its CROMA electrosurgical platform is ground breaking and has significant potential to improve the outcomes of a range of medical procedures.  Creo had already been recognised as a Welsh regional winner, so winning the national Best for Innovation award is even more impressive and clearly demonstrates how truly innovative CROMA is.  Finance Wales is a long-term backer of Creo Medical and it has made excellent progress since we helped to relocate its headquarters to Wales.  The company has a bright future and we congratulate Craig and his team on their success.”

The BVCA’s full release follows:

BVCA Management Team Awards 2015: the winners

26 June 2015

The British Private Equity & Venture Capital Association (BVCA) is delighted to announce the winners of the BVCA Management Team Awards 2015 produced in association with Grant Thornton.

These awards, now in their seventh year, were announced last night (25 June) at a ceremony in London last night, with around 60 companies from across the UK vying for a total of eight highly sought after prizes to recognise and celebrate the achievements of the UK’s leading businesses backed by private equity and venture capital.

After almost eight months of nominating, investigation, interviewing and judging, the winners are:

Category Winners Backer(s)
Large Buyout Private Equity-backed Management Team of the Year SPTS Technologies Bridgepoint
Mid Market Private Equity-backed Management Team of the Year Anesco  CBPE Capital
Venture Capital-backed Management Team of the Year Convergence Pharmaceuticals SV Life Sciences, Apposite Capital, New Leaf Venture Partners
International Impact Management Team of the Year FanDuel  Pentech Ventures and KKR
Exit Management Team of the Year FDM Group Inflexion
Community & Environmental Action Skyscape Cloud Services Business Growth Fund
Best for Innovation Creo Medical Finance Wales
CEO of the Year  Christian Nellemann, XLN Telecom ECI Partners (sold in October 2014)

Mo Merali, Partner and Head of Private Equity at Grant Thornton UK LLP, added:

“This years’ entrants for the BVCA Management Team Awards represented some of the best-performing private equity and venture capital-backed companies in the UK and it’s truly been a pleasure to see so many excellent nominations in each category. We had such strong candidates from every region and in such a diverse range of sectors, but the national winners truly distinguished themselves as supreme examples of fantastic management teams that have excelled in their market. Congratulations to them all.”