Trio of awards recognise the impact of Finance Wales’ investments on Welsh economy
Finance Wales won the Funder of the Year award at this year’s
influential Wales Dealmakers Awards. Two companies which have
received backing from Finance Wales, BioMonde and Vista Retail
Support (Vista) also triumphed, winning the Venture Capital Deal
and Deal of the Year awards.
The judges praised Finance Wales for
"developing in accordance with Wales's needs" with a new set of
specialist investment funds.
BioMonde's £3.5 million funding from Oxford
Capital and Finance Wales won Venture Capital Deal of the Year,
with the judges describing it as "A proper venture capital deal
with a purpose." The investment is helping BioMonde set up a
production plant and expand in the US.
May’s management buy-out of Vista was
recognised as Deal of the Year, underpinning its continued
growth. The deal also saw Finance Wales achieve one of its
most profitable investment returns to date.
Congratulating BioMonde and Vista, Finance
Wales’ Chairman, Ian Johnson said: “BioMonde and Vista are Welsh
success stories with committed management teams. Both
companies have grown significantly since Finance Wales first backed
them and I’m pleased they’ve been recognised with these prestigious
“Finance Wales’ investments play an important
role in helping Welsh businesses to succeed and increase their
impact on the Welsh economy. 2013 – 14 was a record year for
Finance Wales, our investment levels continued to rise and the new
funds we’ve launched increased our reach.
In the last eighteen months, Finance Wales has
launched 3 new Welsh Government funds to help Welsh SMEs with a
range of short and long-term funding needs - the £10 million Wales
Property Development Fund, £20 million Wales Capital Growth Fund as
well as the £7.5 million Wales Technology Seed Fund.
Group Investment Director, Mike Owen added:
“Finance Wales is now helping more Welsh SMEs than ever with a
broad range of short and long-term funding needs. Added to
this, we’ve also built up significant deal-doing expertise which
means we can tailor our funding packages to suit SMEs’ individual
“The impact of the Wales JEREMIE Fund was
recently recognised by Business in the Community at the Wales
Responsible Business Awards and being named Funder of the Year
clearly reinforces Finance Wales’ contribution to the future growth
of the Welsh economy.”
BioMonde and Vista have both received
investments from the Wales JEREMIE Fund.
Since its launch, the Wales JEREMIE Fund has
invested £134 million in over 500 SMEs, helping to create and
safeguard more than 9,400 jobs. Investments from the fund also have
a range of other economic impacts, such as leveraging additional
private sector investment totalling £150 million, encouraging
innovation, collaborative R&D and the development of new
products, processes and services as well as creating opportunities
for local suppliers.
Cenydd Rowlands, a Senior Investment Executive
at Finance Wales, was shortlisted in the Young Dealmaker of the
Year category at the awards which are hosted by Wales Business