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

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 g.heppenstall@directorbank.com