Newport, United Kingdom, 2 Apr, 2013 – SPTS Technologies, a leading supplier of advanced wafer processing solutions for the global semiconductor industry and related markets, today announced the company has been shortlisted for the annual Management Team Awards organized by British Private Equity and Venture Capital Association (BVCA). SPTS is in the running for Large Buyout Management Team of the Year, and International Impact Management Team of the Year awards.
The Large Buyout Management Team of the Year award recognizes outstanding management of a company backed by a large private equity firm (>£100m deal size), while the International Impact Management Team of the Year award honours business leaders who have achieved commercial success on a global scale. Regional finalists will be announced in April, after which national winners are unveiled at an awards ceremony in July.
"The BVCA Management Team Awards, in partnership with Clearwater Corporate Finance, is a recognition of the achievements of British companies that are backed by private equity and venture capital. By celebrating the hard-work and dedication of management teams across the country, we are both applauding their success and illustrating the impact they and the industry have on the real economy. The awards paint a picture of an enterprising Britain with private equity and venture capital at its heart," says Tim Hames, deputy chief executive, BVCA.
Bridgepoint, a major international private equity group, backed a management buyout of SPTS in June 2011. The company has grown rapidly by strategically investing in organic and inorganic projects that focus on emerging market sectors in the semiconductor industry. This focus on technical innovation, coupled with an emphasis on comprehensive global customer support has allowed SPTS to gain market share and deliver strong financial performance.
About the BVCA Management Team Awards
The BVCA Management Team Awards are a year-long process of regional and national nominations and judging established to celebrate the achievements of private equity and venture capital-backed portfolio companies. These are the only awards to recognise the positive impact of private equity and venture capital-backed companies on the British and global economies and to commend the achievements of the management teams that create, nurture and lead them. Following a series of regional heats, the national award winners will be announced in July 2013 at a black tie dinner and ceremony in London. Winners of the regional heats for seven categories will be automatically put forward for selection at the national stage.