LDC-backed Quantel Scoops National BVCA Portfolio Company Award

LDC-based Quantel, a 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 June 30, 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. Quantal 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 March 31, 2011 - an increase of 43 per cent year-on-year, putting the film on track to beat its 2010 record results.
Darryl Eales, Chief Executive at LDC, said: "Since backing the MBP 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."
(KMcA)