Latest news from Directorbank

8 August 2018

PLACEMENT NEWS – Chairman and CFO at iPortalis

Directorbank supports NorthEdge Capital with appointment of Chairman and CFO at iPortalis.


This week NorthEdge Capital announced the first investment from its recently closed SME Fund I, backing award-winning cloud services specialist iPortalis with a multi-million pound growth capital investment to support its global expansion plans.

Based in Harrogate, North Yorkshire, iPortalis provides cloud subscription management services to global enterprises, including unified billing and automated licence management software. The business is now positioned for ambitious growth including expanding its international client base, further developing its market leading technology, and tripling its workforce across the globe.
NorthEdge approached Directorbank’s James Searby at the pre-deal stage to source an experienced Chairman and CFO to support iPortalis’s existing management team in driving forward the business. Strong candidates were quickly identified for client interview with John Hawkins successfully appointed as Chairman and Neil Guilder as CFO.
John Hawkins is a seasoned Chairman with many years experience in PE-backed technology businesses. His extensive track record includes chairmanships at Kallidus, GFS, Exclaimer, BAB, Autologic, Isotrak, MLL Telecom and Wireless Logic – all PE-backed and the latter of which was sold for over 6x return on investment.

Neil is a serial PE CFO with a wealth of financial knowledge, bringing more than 20 years experience of supporting SME growth across Yorkshire for several mid-market PE houses.
These placements further demonstrate our strong expertise in the Tech sector and our capabilities in delivering positive outcomes for our regional private equity clients. 

For further information, please contact:
James Searby, Director
0113 297 8000


iPortalis news release_web


26 July 2018


Directorbank places CFO at The NAV People, the UK’s leading Microsoft Dynamics NAV reseller backed by FPE Capital.

Read the full case study here


“I have had a longstanding relationship with George Heppenstall of Directorbank and on appointment he rapidly provided an excellent list of candidates that met our brief for the CFO role at The NAV People. His proactive approach whilst we were proceeding through pre-deal due diligence meant that we reached completion with a candidate ready to go.  We are delighted to have Chris on board.”

Llewellyn John
FPE Capital



4 July 2018

Congratulations to Next Wave Partners on the successful exit of leading ecommerce and specialist mail logistics operator, The Delivery Group

Directorbank congratulates Next Wave Partners on the successful exit of its majority shareholding in The Delivery Group via a management buy-out generating a 4x money multiple for its Fund. We are proud to have played a part in this success by placing the Chairman of The Delivery Group – Paul Carvell – in 2011, shortly after Next Wave’s initial investment.

An industry leader, Paul is hugely experienced with a long track record of success in the mail delivery market. Previous roles include Chairman and CEO of Business Direct Group plc and CEO of Business Post Group plc (now UK Mail).

During Next Wave’s investment, and Paul’s tenure to date, The Delivery Group completely transformed through an ambitious and successful growth strategy which included investment in several software and technology development initiatives to accelerate internationalisation, operational automation, and a move towards higher margin and higher growth service lines such as global ecommerce delivery. Enterprise value grew over 16 times, revenues increased from £32 million to over £250 million, and EBITDA rose from £0.7 million to £12 million.

This placement demonstrates our ability to deliver highly successful outcomes for our private equity clients.

For more information on our executive search and pre-deal recruitment services, please contact George Heppenstall on 0161 509 3508 or at

The Delivery Group

7 June 2018

Directorbank proudly supports Macmillan Cancer Support as its chosen charity

We are proud to support Macmillan Cancer Support as our official charity for 2018.

Chosen by our team, it’s a charity close to our hearts as two Directorbank employees have fought and beaten cancer in recent years!

Marina, our former Financial Controller, was diagnosed with Breast Cancer in 2015 and underwent a punishing treatment programme. Her Macmillan nurse was a reassuring influence and a pillar of strength throughout.

In Marina’s words:

“Macmillan nurses are not paid by the government, but are purely funded by the generosity of the public. When I was affected by the devastating news of cancer, my dedicated Macmillan nurse kept me going. She guided me through enormous amounts of medical vocabulary and supported me through physical and emotional pain. She communicated positive news and held my hand in times of need. No matter what, she was a phone call away. We must continue to support Macmillan so that people diagnosed with cancer receive the level of support that I have. I truly believe it gives them a greater chance to succeed in their battle with cancer”. 

Marina_MacMillan photo

Ian, Directorbank’s longest-standing employee, was diagnosed with Colo-Rectal cancer in 2016, an illness which led to a protracted period of concurrent chemo and radio therapy, long sessions in hospital and a difficult recovery. Ian was well aware of the support around him from the Macmillan team should it have been needed and his admiration and respect for the people involved in his recovery to date are steadfast.

About Macmillan Cancer Support:

Right from the moment someone is diagnosed with cancer, Macmillan provides a constant source of support, guiding them every step of the way through their treatment and beyond. Not only do they provide medical help, but they assist with practical, emotional and financial support for patients, their families and carers, as well as pushing for better cancer care.

Macmillan Fundraising Activities:

Donations will be made via sponsorship of individual and team fundraising activities.

South Coast Mighty Hike

We will help Marina to raise as much money as possible at ‘Run Regent’s Park 10k’ on 10th June. This July, Marina will also be hiking 26km along the South Downs Way to raise further funds for the charity.


George, one of our Directors, will be taking on ‘Ironman 70.3 Nice’ this September and we will boost his fundraising efforts as he battles with months of training and a gruelling course comprising of a 1.9km sea swim, a 90km bike route and a 21km run!

Several other fundraising activities are planned for the year including a challenging Directorbank team event.

Watch this space!

View the PDF document here: Directorbank supports Macmillan Cancer Support

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