Private equity fund manager Calculus Capital has won the EIS Association’s Fund Manager of the Year Award for the third time.
The Award was presented to John Glencross at the House of Lords in London on 12 February 2015 by EISA Chairman, The Lord Flight, and Director General, Sarah Wadham.
The Fund Manager of the Year Award recognises the firm that has excelled across a number of different criteria including investment track record, clarity and effectiveness of communications, industry participation and adherence to the spirit of EIS investing.
Sarah Wadham, Director General of the EIS Association, said: “The winner’s award goes to a company that has had an excellent year for exits. The judges particularly highlighted their analysis of the jobs created, the tax revenues raised, and the social benefits of the investments they made. It epitomises what EIS investing is all about. The winner is Calculus Capital.”
John Glencross, Calculus Capital CEO, said: “We are delighted to win this award which recognises, not only, our achievements but the value of EIS in supporting growing companies, empowering entrepreneurs and contributing to UK Plc.”
Calculus Capital’s highlights of 2014:
Exits
3 exits achieved in 2014, returns ranging from 2x to 8.2x, exclusive of tax relief benefits
Average ROI across all Calculus Capital’s 20 exited investments is: 3.4x, exclusive of tax relief benefits
Investments
£24.3m invested throughout 2014, into 10+ companies across a range of sectors. Investments include: Chop’d – healthy salad bar chain; Premaitha Health – chromosomal screening technology; AOMi – workplace software used globally; and Inspire Sports – school sports travel specialist.
In addition to winning the main award, Calculus was also commended for its exit of Scancell, which provided an 8.2x return after a holding period of just 3.7 years.
The awards are judged by a panel of industry experts including Justin King, former CEO of Sainsbury’s; Lord Lee of Trafford; Martin Fox, Managing Director of Bulletin Marketing; Lee Moran, Chairman of the Investment Committee at Baigrie Davies; and Sarah Wadham, Director General of the EIS Association.
