LDC-backed Quantel scoops national BVCA Portfolio Company award
LDC-backed Quantel, a world-leading manufacturer of broadcast and digital film post production systems, has scooped the 'International Impact Management Team of the Year' accolade at the British Venture Capital Association (BVCA) Portfolio Company Awards 2011. Taking place on 30 June 2011 at One Marylebone, London, the annual awards celebrate the positive impact private equity-backed businesses have had on the UK and wider European economies over the past 12 months, and recognise the achievements of the management teams that lead them.
Newbury-based Quantel received the accolade after its management team demonstrated leadership and achievement in unlocking value and contributing to the development and success of the businesses on an international scale.
In broadcasting, Quantel technology is used to make news and sports programming watched by over a billion people worldwide every day. In digital film, Quantel technology was key to the making of the award-winning Hollywood film 'Avatar' amongst many others. Quantel has global operations and develops innovative, world-leading content creation systems for broadcast, post and digital intermediate (DI) industries.
Ray Cross, CEO of Quantel, commented: "This high profile award is testament to the hard work of our team which has resulted in widespread international contract wins. Our success is also down to our supportive and proactive partners LDC who continue to back our strategy and management team."
In April this year, Quantel announced a provisional operating profit of £5.1 million (EBIT) for the first half of its 2011 financial year which ended on 31 March 2011 - an increase of 43 per cent year-on-year, putting the firm on track to beat its 2010 record results.
Darryl Eales, Chief Executive at LDC, said: "Since backing the MBO of Quantel from Carlton Communications in 2000, we've worked with the management team to grow the company both in the UK and overseas. It's advances like Quantel's revolutionary QTube product launch that's helped the management team gain this well-deserved recognition, by enabling Internet users to interact with worldwide media."
Issued on behalf of LDC by Citypress:
Martin Currie Emily Hargreaves
Citypress Citypress
T. 07976 291532 T. 0161 235 0320 / 07899 801 569
E. martin @ citypress.co.uk E. emily @ citypress.co.uk
Notes to editors:
About LDC
* LDC (Lloyds TSB Development Capital) is part of the Lloyds Banking Group and is authorised and regulated by the Financial Services Authority.
* LDC has, since 1981, completed over 400 investments, has ongoing interests in over 60 businesses across the UK.
* LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
* LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
* LDC is the leading private equity company in the UK mid-market. Recent transactions include investments with Driver Hire, musicMagpie.co.uk, A-Gas, Kee Safety and eConveyancer plus exits from British Salt, Card Factory, Porterbrook, and VSG.
* LDC has a UK regional network of 11 offices alongside an international operation based in Hong Kong.
* For more information, visit www.ldc.co.uk.
About Quantel
Quantel is a world-leading developer of innovative, high performance content creation and delivery systems across post, broadcast and DI. We are passionate about creating the most open and efficient tools for the digital age. Quantel's product range includes: multi-resolution finishing systems; award-winning color correction solutions; stereoscopic 3D post systems and integrated news and sports production systems. They all deliver the creative, productive and profitable workflows that give post houses and broadcasters the edge they need to thrive and grow in today's highly competitive global media market.
