Investment Manager or Director, Consumer Businesses

Team: Investment

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 04 January 2019

Investment Manager or Director, Consumer Businesses

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

 

Team overview

  • The Consumer Businesses Group covers healthcare, education, retail & TMT investments.
  • Our typical equity investment is $20-200m of growth capital for the expansion of profitable companies with high quality management, although we do invest in exceptional earlier stage companies when they are the leading players in the development of a rapidly growing new market.
  • Our investments are purely in Africa and South Asia (SAARC), and we have a particular focus on businesses that are in or expanding to the poorer parts of those geographies as well as businesses with the potential for substantial job creation.
  • The Consumer Businesses Group currently has 12 investment professionals. Over the last 5 years, the Group has invested c.$450m in 15 companies. Examples include:
  • Jumia – Africa’s largest ecommerce platform (and Africa’s first & only unicorn) with over 5m customers & growing at 80%+ year on year, with Rocket Internet, Orange, MTN & Goldman Sachs as fellow investors
  • UNICAF – Africa’s largest and fastest growing online higher education company, with Goldman Sachs a fellow investor
  • M-Kopa – Africa’s largest solar home system (off-grid solar) company, with Generation a fellow investor
  • Rainbow – India’s largest chain of pediatric and maternity hospitals, with the leading return on capital of any hospital group in India

 

Role overview

There are 5 levels in the team – Associate, Executive, Manager, Director & Team Leader. However, the team is very flat and people at all levels are involved in the real detail, and in representational work, both to Investment Committee and externally.

 

There are 3 parts of the job (at all levels):

  • Origination – sector mapping, finding & evaluating investment opportunities, and building and maintaining relationships with companies
  • Execution – analysing companies in detail, conducting due diligence, navigating the Investment Committee process, agreeing legal terms
  • Portfolio management – analysing companies in detail, preparing for Board meetings, helping the companies wherever we can, preparing for follow-on investments or exits

 

At Investment Manager level, you will be expected to lead investments and run all execution stages unassisted. You will also be expected to lead origination across a number of sub-sectors, and play a lead role on portfolio management, including taking Board seats.

 

The candidate

We are looking for candidates that will deliver from day one, and that will contribute to building CDC’s brand and bringing in exciting investment opportunities. The successful candidate will likely have at least 7 years work experience in relevant sectors (including top tier strategy consulting & investment banking), and as part of that have at least 2 year’s experience working in private equity. We are open to consider slightly more or less experience, hiring at Senior Executive or Junior Director level.

Critical softer skills: (1) ability to look at complex problems and get to the root of the issue, (2) ability to build relationships with companies, (3) ability to communicate clearly on paper and in person, and (4) ability to multi-task.

Candidates will also need to evidence previous experience working in, or demonstrable passion for, Africa or South Asia, or at the very least an understanding of emerging markets.

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.

 

Please submit a cover letter with application

Role Posted on: 05/12/2018

Role Closes on: 04/01/2019

Salary: Competitive

Apply now