AVCAL award recipients 2013
The recipients of the 2013 AVCAL Awards were announced at AVCAL's annual alpha conference on Thursday 19 September
Portfolio Company Awards
In recognition of vision, achievement, and entrepreneurship and outstanding returns for an exit in the 2012-2013 financial year, the award recipients are:
- Best Early Stage Award - Southern Cross Venture Partners for Virsto Inc.
- Best Expansion Stage Award - Harbert Australia Private Equity for Aesop.
- Best Management Buyout under $100 million - CHAMP Ventures for APB Modular.
- Best Management Buyout between $100-500 million - Archer Capital for Ausfuel.
Michael Hirshorn Award
The Michael Hirshorn award honours a PE or VC-backed company whose products or services have been instrumental in doing public good and delivering to the community. The award was presented to GenesisCare and Advent Private Capital, an early investor in the business.
A special Chairman’s Award was presented to Quadrant Private Equity in recognition of their investment in Virtus Health. The exit of Virtus Health through an initial public offering (IPO) netted a fantastic result for investors and has greatly contributed to opening up public markets to PE-backed exits during what has been a tough period for divestments. The share price of Virtus Health has gone up by over 30% since the listing on the ASX in June 2013.
Author: Yasser El-Ansary, AVCAL CEO