As others have said, you can use DateTime.TryParseExact, but you also have a European culture format in your date. This may not prevent you from trying to use this to perform the conversion:
CultureInfo enGB = new CultureInfo("en-GB");
string dateString;
DateTime dateValue;
dateString = "26/01/2011 00:14:00";
DateTime.TryParseExact(dateString, "g", enGB, DateTimeStyles.None, out dateValue);
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