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AVCAL 2011 award winners announced

The Australian Private Equity and Venture Capital Association (AVCAL) has announced the winners of a series of awards that recognise outstanding performance in the private equity industry.

 

AVCAL CEO Dr Katherine Woodthorpe said

A panel of industry experts assessed nominations across the award categories and found many examples of innovation, growth, and excellent returns on investment, the beneficiaries of which generally are local and overseas superannuation and pension fund members.

“It’s important to take stock as an industry and to recognise and reward performance,” says AVCAL CEO Dr Woodthorpe. “Despite volatility in global markets in recent times, Australian private equity firms have worked hard to obtain stable and high‐performing returns, relative to public benchmarks such as the ASX/S&P 300.
“The winners of our 2011 awards are wonderful examples of the purpose and aim of private equity: to steward companies so that they grow and create value and long‐term sustainability through aligning the interests of owners and management. This ultimately delivers improved productivity, creates jobs and contributes to the national economy.”

With respect to investor reporting standards, Dr Woodthorpe believes the quality of nominations for this award category continues to improve every year, with the 2011 winners raising the bar even further.
Portfolio Company Awards

The portfolio company awards recognise vision, achievement, creativity and entrepreneurship of AVCAL fund manager members, who are collectively responsible for managing over AUD25 billion of capital. The categories for these awards are for investments in early stage, expansion stage, small buy‐out, medium buy‐out and large buy‐out. The judging focus was on value‐add by the fund manager, financial performance, returns to investors, innovation, industry competitiveness, and overall contribution to the economy. The winners of this year’s awards demonstrated an average IRR of 70% and an average money multiple of 4.4.

Best Early Stage – Advent Private Capital for their investment in Securepay

Best Expansion Stage – Anacacia Capital for their investment in Lomb Scientific

Best Management Buyout <100m – CHAMP Ventures for their investment in TSmarine

Best management buyout AUD100‐500m – CHAMP Private Equity for their investment in Study Group

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