TWO companies supported by WestBridge Capital have won a clutch of prestigious awards, highlighting the private equity house team’s investment instincts.
Kallidus (previously e2train) which provides learning and talent management systems to private and public sector organisations, has just scooped two key awards in the eighth E-Learning Age Awards - acknowledged as the Oscars of the industry.
Heralded as ‘a British success story’, Kallidus won an outstanding achievement award in recognition of how it has transformed the e-learning industry in the UK, while Kallidus employee Mark Bennett was named designer of the year.
WestBridge Capital partner Valerie Kendall said:
“We supported an MBO at Kallidus in 2009 and provided acquisition capital in 2010. It’s fair to say the company has just flown since then.
“I work closely with the management team and am thrilled that their hard work has been recognised with these prestigious awards. The awards are the icing on the cake as they come on the back of another successful year of profitable growth.”
Meanwhile, Aero Stanrew which designs and manufactures electronic components for the global aerospace industry has also picked up a number of awards, including Aerospace & Defence Business of the Year 2012, Dealmakers Business of the Year and finalist in HSBC Business Thinking Initiatives. The team has also just been shortlisted in the EEF Business Growth Awards and will shortly be receiving the SC21bronze award, a highly regarded honour in the aerospace industry.
“WestBridge Capital supported an £8.5 million MBO at Aero Stanrew earlier this year and we’ve been delighted with the way the management team has run the business since.
“They’ve continued to develop long term work with blue chip customers such as Rolls Royce, GE, Goodrich and Thales while also driving growth by actively exploiting emerging overseas markets.
“These two are just the sort of companies we love working with – market leading within their niches, with plenty of scope for further growth.
“We are extremely pleased our instincts about them were right. They’re great teams to work with and we’re proud of their success.
“Our relationship with them – and the others in our portfolio - is about more than money. We think the management teams would agree we bring more to the table.”