Portfolio News

Team17 wins at BVCA Awards

LDC-backed Team17 was last night awarded Growth Management Team of the Year at the BVCA Management Team Awards in Yorkshire and the North East.

The awards recognise outstanding private equity backed businesses from across the UK and Team17 will now go on to compete in the national final in November.

CEO Debbie Bestwick co-founded Team17, the market-leading games developer and publisher best known for creating the Worms franchise, in 1990. In September last year, the business secured a £16.5m investment from LDC, in a deal helping to fuel its expansion at home and overseas and drive further growth through product partnerships. Most recently, it launched the highly-anticipated Yooka-Laylee game from Playtonic.

The judges said: “Debbie Bestwick and Paul Bray have built a globally successful business publishing games from small indie creators, combining astute selection with a strong reputation for fair dealing and impressive execution. Having successfully established a US presence, the outlook for the business is bright.”

This is the second win for an LDC-backed businesses this year, with Clifford Thames named Mid-Market Team of the Year at the BVCA South East Awards in March.

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