Investment Associate, Equity (Manufacturing)

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 03 November 2018

Investment Associate, Equity (Manufacturing)

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website cdcgroup.com

 

Team & Role Overview 

The Equity Investments Group at CDC exists to employ commercial equity capital whilst also having a strong developmental impact. Over the last three years, the teams have deployed $1bn+ across Africa and South Asia with a strong pipeline of additional investment opportunity. The Manufacturing team targets a wide range of sub-sectors with a strategic focus on import substitution and export-led industries, whilst actively pursuing innovative solutions and environmental best practices.

Purpose

The Associate’s primary role is to support the senior members of the Manufacturing Equity deal team. This will include assisting with:

  • Evaluating new investment proposals or potential target businesses, including conducting financial analysis, valuation exercises, financial modelling, etc.
  • Having responsibility for aspects of the deal processes including working on commercial, financial, tax and legal due diligence, typically alongside advisors
  • Undertaking research into specific sectors and countries that fit within the investment mandate in order to develop sub-sector strategies
  • Supporting the post-deal management of the investment portfolio
  • Maintaining the deal pipeline and filtering potential opportunities
  • Preparation of valuation and presentation materials for investment committees

 

Responsibilities 

Evaluation of new investment proposals:

  • Initial filtering of investment proposals for deals that fit within CDC’s developmental and investment mandate
  • Analysing financial information relating to specific companies
  • Building or analysing financial models and conducting sensitivity analysis
  • Assisting with reports to be presented to the Investment Committee for approval and participating in the meetings
  • Conducting a detailed valuation on a company using various methods
  • Assisting with the due diligence on a specific company, sector, and country

Research:

  • Undertaking research into regions, countries and specific sectors on an ad-hoc basis. This will include providing support to sector mapping exercises
  • Undertaking research in to specific businesses or projects including traveling to meet management teams and advisers
  • Keeping up to date with market developments and monitoring factors that can affect the markets and considering how these might affect the pipeline and portfolio companies
  • Monitoring the financial news and updating the team of material information in the target countries, sector and companies

Portfolio Monitoring:

  • Preparing periodic reports and working with the deal teams to help in the monitoring of investees’ financial and strategic performance, including compliance with CDC’s Environment, Social and Governance requirements

 

The Candidate

Candidates must be strongly motivated by CDC’s proposition. This requires:

  1. An awareness of and appreciation for CDC’s objectives
  2. An appreciation of what CDC is doing and a real desire and passion to be part of CDC’s next phase of development
  3. History of working with 'best in class' employers in their respective fields
  4. Appropriate periods with each previous employer and explicable career moves
  5. The flexibility and desire to spend time in the countries in which CDC invests
  6. An understanding of the remuneration and its structure, with the trade-offs it requires and a level-headed degree of long-term comfort with it

Background

  • University degree or equivalent
  • At least 2-3 years’ relevant business experience within investment banking, consulting or private equity
  • Exposure to emerging market finance, especially in Africa and Asia, is helpful
  • Analytical, research and valuation skills, including the ability to analyse company reports, sector data, economics and relevant political events
  • Experience in manufacturing/industrials space would be an advantage
  • Report writing and advanced knowledge of Excel is imperative
  • Good business communication and presentation skills
  • Ability to work to deadlines and manage time effectively
  • An active interest in investing in developing countries

Competencies

  • Ability to analyse a company’s financial statements and to make commercial assessments based on this analysis
  • Basic commercial insight into the challenges and issues that businesses face
  • Strong excel modelling skills
  • Experience in valuation techniques
  • Understanding of emerging market environments
  • Ability to build relationships within and across teams and externally

 

Please include a one-page cover letter with your application

Role posted: 5 October 2018

Role closes: 3 November 2018

Salary: Competitive

Apply now