Summer Intern (Infrastructure – Direct Equity)

Team: Investment

Location: London, UK

Employment Type: Intern

Salary: Competitive

Closing Date: 30 January 2019

Summer Intern (Infrastructure – Direct Equity)

Our Mission 

  • CDC is the UK’s development finance institution. Founded 70 years ago, we invest in the most challenging markets of Africa and South Asia with the aim of supporting economic development. CDC has net assets of £5.1bn, with over 1300 growing businesses in the portfolio.
  • Last year we committed over £1billion of capital across 50 transactions. 
  • CDC is wholly owned by the UK government, who has committed a further £3.5bn of capital for CDC to deploy over the next two to three years.
  • We are expanding our presence in Africa and South Asia with further new offices openings in 2019.
  • At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
  • Primarily, CDC invests to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
  • CDC works with like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 300 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

The Role

Making direct equity investments is central to our strategy. Such investments allow us to target capital at businesses that provide significant employment opportunities and which have the potential for strong growth and the creation of even more jobs.

The Equity Investments team, invests private equity into businesses directly, either solely, or by co-investing with other direct investors or alongside local GPs across Africa and South Asia. 

Priority Sectors:

  • Infrastructure
  • Financial Institutions
  • Health and Education
  • Agriculture and Food Processing
  • Manufacturing
  • Construction

Investments are from our balance sheet and, depending on the opportunity, we have the flexibility to take equity stakes. ranging from 1 to 100 per cent. 

All investment opportunities must have strong development impact potential in order to be considered. Our typical minimum investment is US$10m for direct private equity and US$20m for infrastructure. We are particularly interested in proven business platforms that have the potential to be scaled-up in harder geographies.

The primary role of the Intern will be to support the infrastructure deal team. This will include assisting with:

  • Analysing new investment proposals, including market research, financial analysis and valuations
  • Preparing presentation materials for investment committees;
  • Performing discrete project work around sector mapping to identify potential investees and to help develop investment theses

Responsibilities

Specific responsabilites will be driven by priorities and needs of the team at the time, but are expected to include some or all of the following:

Research

  • Undertaking research into specific sub-sectors, countries and regions as part of an on-going mapping exercise and/or continuing sector knowledge development
  • Based on research conducted, create mapping structures for assessing investment opportunities in the market
  • Undertaking research on an ad-hoc basis, as part of the background analysis for specific proposals
  • Producing market developments updates across the continent, monitoring factors that could have an impact on pipeline and portfolio companies, using open-source information and specialized publications

Evaluation of new investment proposals 

  • Initial filtering of investment proposals for fit within CDC’s developmental and investment mandate
  • Conducting financial analysis and modelling on potential deals
  • Participating in the due diligence process;
  • Assisting with preparing investment committee papers and participating in the meetings.

Portfolio Monitoring

  • Reviewing the financial, operating and development impact performance of investee companies
  • Supporting the execution of specific value creation initiatives
  • Assisting with the preparation of internal portfolio review papers and analysis of portfolio level performance 

The Candidate

Background

  • University degree or equivalent and currently enrolled in an MBA programme or equivalent programme
  • Demonstrable business experience, preferably in investment banking, consulting or private equity in the infrastructure space
  • Demonstration of identity with CDC’s proposition including:
    • An awareness of and appreciation for CDC’s objectives
    • A desire and passion to be part of CDC’s strategy and participate in its work
    • Evidence of high performance standards in previous positions

Technical Skills

  • Ability to analyse data, draw conclusions and present ideas strong written and oral presentation skills
  • Report writing and advanced knowledge of Excel and PowerPoint
  • Strong commercial insight into the challenges and issues that businesses face
  • Analytical, research and valuation skills, including the ability to analyse company financial statements, sector data, economics and relevant political events
  • Understanding of debt and equity investments and the challenges/issues involved with a type of investment
  • Understanding of emerging market environments

Personal Skills

  • Communication: Strong written/verbal communication skills to effectively carry out role
  • Team Working: Collaboration with own team and the larger employee community
  • Results Focus: Drive to achieve objectives/results
  • Personal Effectiveness: Organising self/teams to meet agreed deadlines
  • Influencing/Persuading: Ability to obtain agreement and cooperation in a ‘win-win’ fashion
  • Candidates should be strongly motivated by CDC’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity

Application Process 

  • Please provide a cover letter
  • Please apply for a maximum of two Summer Internships, clearly stating your preference in your cover letter 
  • Position opened: 7 December 2018
  • Position closes: 30 January 2019
  • Salary: £56,888 (pro-rated over 10 weeks). Please note CDC will not be able to provide relocation costs
Apply now