Investment Associate, SMART Industries – Direct Equity – Consumer and Business Services, Food and Agriculture Team

Division: SMART Industries Group

Location: Bengaluru, India

Employment Type: Permanent

Salary: Competitive

Closing Date: 03 November 2021

Investment Associate, SMART Industries – Direct Equity – Consumer and Business Services, Food and Agriculture Team

Our mission

  • CDC is the UK’s development finance institution. Established in 1948 we invest in the most challenging markets of Africa and Asia with the aim of supporting economic development.
  • CDC has net assets of £6.4bn and a portfolio of £4.7 billion. In 2019 we committed over £1.66 billion of capital to business in Africa and Asia and are now invested in 1,200 businesses which directly employ over 875,000 workers and support many more.
  • CDC is a Public Limited Company and is wholly owned on behalf of the UK government by the Foreign, Commonwealth & Development Office (FCDO).
  • In the last few years, we have expanded our presence in Africa and Asia by opening new offices in Bangladesh, Egypt, Kenya, Myanmar, Nepal, Nigeria and Pakistan with additional locations opening soon.
  • 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 through direct equity, direct debt and funds products 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 485 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

 

Team overview

  • The team is led by Ashish Ahluwalia in South Asia and India. The team’s remit includes Food & Agriculture, Consumer, Healthcare and Education covering businesses across South Asia (SAARC) wherever a development impact case could be made.
  • Our typical equity investment is $20-200m of expansion capital for the growth of 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.

 

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 – thesis building, finding & evaluating investment opportunities, and building and maintaining relationships with companies.
  • Execution – analysing companies in detail, building investment case, exit projections, conducting due diligence, navigating the Investment Committee process, agreeing legal terms.
  • Portfolio management – analysing companies in detail, present the quarterly performance to the internal team, preparing for Board meetings, helping the companies wherever we can, preparing for follow-on investments, roll-ups and/or exits.

At Investment Associate/Executive level, you are likely to spend the majority of your time on execution; by the time you are a senior Investment Executive you should be able to run with most of the execution stages largely unassisted. However there are no hard lines on responsibilities, given that it is a small entrepreneurial team within the larger organization and you will have the freedom to contribute to all aspects of deal-making and portfolio management.

 

The candidate

We are looking for candidates that will deliver from day one and who have the drive, ambition and tenacity to progress through the ranks.

Typically, candidates will have a solid grounding in fundamental analytics (financial / commercial analysis, valuation, financial modelling) from private equity/ venture capital, investment banking or strategy consulting. The successful candidate will likely have at least 5 years work experience; an MBA, or similar, is helpful. Experience in the India food & agri, consumer, healthcare and education space, either by investing or supporting transactions, will be an advantage.

Over and above quantitative skills, analytical rigour and attention to detail, the softer skills we are looking for include: (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 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.

 

Our cultural values

We look for team members who aspire, as we do, to work at our best and to be:

  • Impact-led, commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring
Apply now