Finatal COVID Resilience Award Winners May 12th, 2021 By Laura Malach

THE RESULTS ARE IN!

The Winners of the Finatal COVID Resilience Awards

Thank you to everyone who submitted an entry to this year’s Finatal COVID Resilience Awards. These awards recognise, honour, and give credit to the individuals and institutions who have gone above and beyond. We have been overwhelmed with the number of nominations and the detail of the submissions that we have received. We had 120 submissions with exceptional references.

Finatal would like to thank our judging panel of industry experts for their time and expertise throughout the process – Katie Beck, Non-Exec Chair at Finatal, Jonathan Read - Director, Head of Mid-Market Private Equity Coverage at KPMG and Chris Malcolm, Director, Cavendish Corporate Finance LLP.

Our judges have had an exceptionally tough task as we have had some outstanding nominations. We are delighted they have come to an agreement and have chosen these exceptionally worthy winners, who have shown the highest aptitude within their work and have clearly gone above and beyond over the past 12 months!

THE WINNERS ARE…

CFO OF THE YEAR

1ST PLACE – CHRIS STORR

AUTOGRAPH CARE GROUP, BACKED BY CABOT SQUARE CAPITAL.

Over the past 12 months, during the COVID pandemic, Chris has led the business through what has been the most extreme operational environment the social care sector has ever faced. Chris stepped outside of his comfort zone, immersed himself into care standards, staffing rotas and PPE supply chains – going well above the role of a CFO, stepping into the role of Managing Director. Chris introduced daily briefings to adapt to rapidly evolving Government guidance and to facilitate quick decision making, whilst introducing a suite of new technology platforms to ensure the business continued to operate with limited on-site access. All Chris’s efforts had the core focus of keeping residents and staff safe and the resilience of the business in this period, was in no small part down to Chris. “Chris’s exceptional leadership skills, ability to adapt and genuine person-centered approach helped safeguard some of society’s most vulnerable people.” All judges were mutually agreeable that the role Chris played during the past 12 months was exceptional and one to be highly awarded with CFO of the Year!

“I am delighted that my contribution towards the management of the business through the extreme challenges presented by Covid has been recognised with this award. This would not have been possible of course without the support of the Senior Management Team at Autograph and the ongoing investment from Cabot Square Capital.” Chris Storr, CFO, Autograph Care Group”

2ND PLACE – GUS FICHARDT

RIVERDALE HEALTHCARE, BACKED BY APPOSITE CAPITAL

During the past 12 months, Gus has kept Riverdale Healthcare swiftly moving forwards, managing the balance sheets during the first three months of lock down when the dental clinics were closed and then subsequently exceeding forecasts each month ensuring the management team and board had the confidence to re start the businesses acquisition strategy. Gus ensured skilful leadership throughout and continued to complete acquisitions, six within six months – “taking the business through a full debt refinancing in Q1 2021 and successfully bringing on-board a new lender to provide all the necessary debt to finance the business plan to reach 60 clinics by way of acquisition by 2023.”  Our judging panel found it an extremely close second place as Gus has clearly played a pivotal, vital, and exceptional role within Riverdale.

PE INVESTOR OF THE YEAR

1ST PLACE – LIVINGBRIDGE

Our judges were incredibly impressed by the standout commendation received. Livingbridge have provided support, insightfulness, and much needed clarity during the past 12 months. “Living Bridge have been a huge support throughout the last year. They have joined and supported us on our all-staff Town Halls - giving everyone the reassurance that the Group is doing an excellent job during such a unique time.” This standout quote clearly shows the impressiveness and exceptional qualities that Livingbridge possess and the support they have delivered to their portfolio companies during the most challenging of times is praiseworthy and highly deserving of PE Investor of the Year!

“We are delighted to have won the PE House of the Year award, which is a true testament to the dedication of our team and the strong relationships we have forged with our key stakeholders and investee companies.” Shani Zindel, Partner at Livingbridge”

2ND PLACE – G SQUARE

A very worthy second place, G square clearly played a key role in supporting the nation throughout the pandemic with its investments in residential care homes, online pharmacies, and dentistry. Our judges wanted to highlight the most remarkable quote from their submission – “Throughout the pandemic they have shared learnings through their portfolio companies, ranging from use of furlough, PPE procurement and financing; Its investments in residential care homes, online pharmacies and dentistry have all played a significant part in the nations ongoing health.” G Square have clearly been a huge support to their portfolio and our judging panel were incredibly impressed by the exceptional standards they have shown.

FINANCE TEAM OF THE YEAR

1ST PLACE – MEDINET (BACKED BY VOLPI CAPITAL)

As a business which suffered significant interruptions during the pandemic, the finance team had to change their processes and ways of working to adapt. The business after a great deal of detailed examination, adopted a completely new revenue model which entailed the team learning new skills, balancing risk with reward. The finance team have overcome all challenges and the business will return a record turnover. “The Medinet finance team can be proud of their part in helping the business navigate through a once in a lifetime crisis emerging stronger and better placed to take advantage of the return to normality.”  This team effort is one which deserves to be highly commended, applauded and a true worthy Finance Team of the Year!

“Medinet are delighted to be the inaugural winners of the Finatal finance team of the year award. 2020 was like no other year, there was no experience to lean on, yet the team adapted superbly. Whilst I accept the award on behalf of finance, we would like to acknowledge the support of all our colleagues, our hard-working clinical teams and our customer, the NHS, whom have overcome, and still face, so many challenges”. Colin Lewis, Medinet CFO”

2ND PLACE – TOGETHER DENTAL (BACKED BY G SQUARE)

The finance team at Together Dental had to make significant changes in accounting platforms and processes to accommodate NHS contract requirements and late information flows, whilst also continuing with fallout from operating in a highly challenged sector during the pandemic. Despite all the challenges they faced, the team successfully managed to continue to drive forward system and process improvements across the group, improving visibility and analysis of data. “I could not be prouder of my team. In any normal year, the transformation of the finance function would be impressive, but during the pandemic they have been truly outstanding.” Our judging panel were highly impressed by the amount of varying work and challenges the finance team at Together Dental had to handle during the pandemic, - incredibly commendable second place winners.

3RD PLACE - JENSTEN GROUP (BACKED BY LIVINGBRIDGE)

The amount of effort the finance team at Jensten have clearly put in over the past 12 months is extremely impressive and deserve a highly commendable mention for their outstanding work and contribution. This insightful comment was standout - “an amazing job in multiple fronts through a difficult year but most notably they quickly established real-time trading data and root-cause analysis that was indispensable to targeting remedial action to limit the effects of Covid on a U.K. SME-related business.”

CONGRATULATIONS TO ALL OF THE WINNERS WHO HAVE SELECTED THE BELOW CHARITIES TO RECEIVE A £1,000 DONATION:

CFO OF THE YEAR - CHRIS STORR - Derbyshire Cricket Foundation, a charity which supports disabled cricket in the county.

PE INVESTOR OF THE YEAR - LIVINGBRIDGE - Impetus, a charity transforming the lives of young people from disadvantaged backgrounds by ensuring they get the right support to succeed in school, in work and in life.

FINANCE TEAM OF THE YEAR - MEDINET - Barnardos, A children’s charity that protects and supports the UK’s most vulnerable young people.

Thank you once again for all of your nominations to this years Finatal COVID Resilience Awards and a huge congratulations to all of the outstanding winners! If you would like to find out more about the Finatal Awards or would like to discuss anything in more detail please get in touch.

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