May 16 2016
Frontier Medical Group, the specialist medical device manufacturer, has been named Wales Mid-Market Team of the Year at the prestigious British Private Equity & Venture Capital Association (BVCA) Management Team Awards 2016.
The Awards, which are held in association with Grant Thornton UK LLP, seek to reward the best in UK business backed by private equity and venture capital, and celebrate the contribution made by those firms to the wider economy.
Now in their eighth year, the 2016 event saw nominees and their guests gather for a gala dinner in Bath Assembly Rooms on the 12th May, and Frontier Medical Group was recognised for the first time following a management buyout (MBO) backed by Kester Capital in December 2013.
The company, which was established in 1966, manufactures a range of cost effective products for use in community and hospital care, and has enjoyed substantial growth in the last two and a half years under its new ownership.
Simon Jackson, Managing Director at Frontier Medical Group said: “This award is a real honour and it’s a testament to the hard work of each and every one of our employees and the quality of the products we provide.
“The level of competition was very high and the BVCA programme is a fantastic advertisement for the potential in private equity funding. In the time since our MBO we’ve been able to make a significant investment right across our infrastructure, not only in terms of manufacturing and growing our export markets, but in our staff as well, and that’s something we as a company are very proud of. We believe it is a significant factor in our ongoing success.”
Commenting on Frontier Medical Group’s entry Richard Young, Director at BVCA Manchester said: “Simon Jackson has led a new team at Frontier since the MBO in 2013, which has transformed the business in terms of growth but also brought in very significant changes in new product development, production efficiency and development of new markets. The transformation has been hugely impressive.”
The award from the BVCA is the latest in a long line of success stories for the company, which has its headquarters in Blackwood South Wales.
The firm’s range of disposal units for clinical sharps, Sharpsafe®, are the world’s first bespoke sharps containers and they have received numerous design awards since they were first marketed in 1980.
Frontier have also worked extensively with clinicians in the NHS to develop the Repose® range of pressure area care products, which today are the most widely used pressure area care products in the UK. Over 3.5 million people have used Repose® products in the UK alone. They are also the UK’s market leader in providing products to Harm Reduction services through its eXchange™ brands.
Source: www.frontier-group.co.uk