BVCA announces winners of Wales Management Team Awards 2016

The British Private Equity & Venture Capital Association (BVCA) is pleased to announce the winners of the Wales Management Team Awards 2016, our annual celebration of excellence in private equity and venture capital, produced in association with Grant Thornton UK LLP.

Now in its eighth year, the BVCA Management Team Awards recognise and reward the achievements and success of businesses across the UK which are backed by private equity and venture capital funds.

All the winners will be announced and presented with their prize tonight as part of the annual BVCA Wales and South West Dinner held at the Bath Assembly Rooms. They will now be entered into the national final to compete against other UK regions before the national winners are announced at the BVCA Gala Dinner on 8 December in London.

The full list of winners for the BVCA Wales Management Team Awards 2016:

Winner Backed by Category
Nuaire Electra* Large Company Team
Frontier Medical Group Kester Capital Mid-Market Team
Diurnal Finance Wales Venture or Growth Company Team
Peter’s Food Service NBGI Private Equity Social Responsibility Team
Martin Whitaker, Diurnal Finance Wales CEO


David Staziker, Chair of the Wales judging panel and Investment Director of Finance Wales, said: “Venture capital and private equity have proven once again how important they are to the Welsh business community. All of this year’s winners of the BVCA Wales Management Team Awards are fantastic illustrations of companies performing at the top of their game and making an impact not just on the local economy, but the national one too. Talent, hard-work and innovation combined with the right support can achieve great things, and all of the winners should be proud to be carrying the flag for Wales in the national awards in December.”

James Roberts,  who leads Grant Thornton's corporate finance team in Cardiff and was a member of the awards judging panel, said: "As a region, we thoroughly enjoyed being part of the BVCA Management Team Awards. We met with great companies and we were able to have insightful and inspiring conversations about their successes. The winners represent the best of the diverse and aspiring talent within Welsh companies, demonstrating the strengths and credentials to stand out, both locally and nationally. Congratulations to all of the nominees and winners."


Diurnal is Cardiff-based pharmaceutical company creating innovative, high-value hormone therapeutics and advanced treatment regimens of approved drugs.

Established in 2004 as a spin out from Sheffield University and with the backing of Finance Wales, Fusion IP and Sarum Partners, Diurnal’s management team possesses many years of experience within the pharmaceutical sector, and its lead programme aims to solve patients' needs in adrenal diseases that result from deficiency of the essential hormone cortisol. The third phase of clinical trials are due to complete this year with a view to commercialise within two years.

The company listed on AIM in December 2015, raising £30 million.