Plasma etch, deposition and thermal processing equipment maker SPTS Technologies Ltd of Newport, Wales, UK, 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, with national winners announced in July.
Bridgepoint, an international private equity group, backed a management buyout of SPTS in June 2011. The firm has grown rapidly by strategically investing in organic and inorganic projects that focus on emerging market sectors in the semiconductor industry.
