Poundland gets double at private equity awards
Budget retailer Poundland has picked up two management awards from the British Venture Capital & Private Equity Association (BVCA). The Willenhall-based company has been named the 'Midlands Private Equity-Backed Management Team of the Year' (Large Buyout) and its chief executive, Jim McCarthy, 'Chief Executive of the Year'.
The accolades were given at BVCA’s Portfolio Company Awards, which acknowledges the private equity industry and its performers.
Poundland was bought by Warburg Pincus in May 2010.
McCarthy and his brand will now go forward to the national final, the winners of which will be announced at a ceremony in London on 30 June.
Mark Advani, chairman of the BVCA Midlands judging panel and partner at ISIS Equity Partners, said: "Once again the Midlands has produced an outstanding set of companies that really represent the best this country has to offer and underlines just what an important role the region plays in the national economy. The BVCA Awards are a way of celebrating the cream of business management, and this year is no exception."
