Event News

Event news: Directorbank’s Simon Thomas hosted another excellent drinks and dinner evening last night, this time at the fantastic Kerridge’s Bar & Grill for his London-based clients.

Simon comments:

“An absolute pleasure to host yesterday’s dinner at Kerridge’s. This is the second of my ‘family and friends’ dinners to celebrate the successful work we have undertaken with our clients and candidates over the past couple of years. A very enjoyable, relaxed evening with great people, conversation and food. My thanks go to all those who joined me. To those who could not make this one, I will be hosting another in the autumn.”

Round Up of 2021 Activity

REVIEW OF 2021 – 
As we begin a new year, we’d like to share an overview of our activity from the past 12 months. Overall it has been a strong year for Directorbank with excellent search outcomes across our client base of PE investors, their portfolio companies and other high growth SMEs, in both the UK and Germany. Once again, our thanks go to our clients and candidates for their continued trust in us.

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Leadership according to Ted Lasso

TED’S 10 RULES OF MANAGEMENT:

A big hit with the Directorbank team, Ted Lasso – the lead character in this witty Apple TV series – is an American football coach hired to coach an English Premier League football team.

Here is a precis of Ted’s 10 rules of management.

1.
“Taking on a challenge is a lot like riding a horse. If you’re comfortable while you’re doing it, you’re probably doing it all wrong.”
Leadership is full of challenges, whether taking risks, adapting to change or handling confrontation. Ted, like all good leaders, pushes his boundaries and accepts discomfort as part of the growth journey.

2.
“Gotta have a 10 second memory. Be a goldfish!”
Dwelling on mistakes is unproductive and destructive. As Ted says, we should accept our mistakes, learn from them and move on … quickly.

3.
“Every disadvantage has its advantage.”
He knows little about the football, or England for that matter. Yet he successfully draws on his wealth of situational understanding to drive innovative thinking, team rapport and performance.

4.
“There’s two buttons I never like to use. That’s panic and snooze.”
Believing panic to be counter-productive, Ted often takes a breath, steps back, and resets his mind before carrying on. You’ll never see him snoozing either. He’s passionate, alert and energetic in his quest to drive the club to greater heights.

5.
“I think that you might be so sure that you’re one in a million, that sometimes you forget that out there you’re just one in 11.”
Ted reminds his arrogant ‘star’ player of the importance of team cohesion. The whole is greater than the sum of its parts.

6.
“Believe”
A great advocate of the power of positive thinking, Ted boldly displays ‘BELIEVE’ above his office door. He refers to it regularly to focus his players – to instil a sense of hope, to dampen negativity, and to motivate them to perform their best.

7.
“Be curious, not judgmental.”
Ted cites this Walt Whitman quote during a darts contest. People often rush to judge. They forget to question or see the bigger picture which stifles growth and effective decision-making. Assumption is the mother of all mistakes.

8.
“I suppose the best brand is being yourself.”
Ted is real, honest and accountable. He knows his weaknesses and vulnerabilities, and isn’t afraid to ask for help. As such, he creates a deeper connection with his players and inspires trust, loyalty, and respect.

9.
“But hey, I shouldn’t bring an umbrella to a brainstorm.”
Ted is all for the power of collective thinking and the value that different perspectives can bring. He is also comfortable and confident enough in his role to stand by his decisions when necessary.

10.
“As the man once said, the harder you work the luckier you get.”
Crediting the American founding father, Thomas Jefferson, Ted is a firm believer that good ideas and outcomes stem from hard graft, focus and discipline.

Images: Apple TV+

Exit News

Congratulations to FPE Capital on the sale of TNP to Providence Equity Partners-backed Node4, a leading cloud-led Managed Services Provider.

FPE Capital acquired the leading Microsoft Dynamics 365 Partner back in 2018 and subsequently approached Directorbank’s George Heppenstall to source an experienced CFO to support the execution of TNP’s successful growth strategy. George placed Chris Powell in the role, a KPMG-qualified Chartered Accountant with significant sector and PE experience, including multiple successful exit processes.

Since FPE’s acquisition, and through significant investment in the team, product and sales capability, TNP has driven over 400% growth in profitability. The business has 230 employees, almost 40,000 user licenses under its care and nearly 550 customers.

TNP’s track record, skill set and experience will significantly enhance Node4’s end-to-end managed services portfolio and forms an important part of their ongoing growth strategy. We wish them all the very best with the next stage of their exciting journey.