Investment Manager, Food and Agriculture Equity

  • Senior-level
  • Posted on 24 August 2022

Job Description

Team and role overview

  • The Food and Agriculture Direct Private Equity team at BII covers equity investments across the entire value chain of the sector.
  • We are a team of 6 people based in London. We are looking to add more talented members.
  • Our typical equity investment is $20-200m of growth capital for the expansion of profitable companies with high quality management.
  • Our investments are in Africa and South Asia (SAARC), and we have a particular focus on businesses that are in or expanding to the more economically challenged parts of those geographies as well as businesses with the potential for substantial job creation.
  • This is a unique opportunity to join a small but growing & entrepreneurial team within BII and be at the front-line of our markets.

Purpose

  • As part of our ongoing strategy, we are looking to expand the team and recruit investment manager.
  • The manager will be based in our London office but will be expected to travel to BII markets
  • The day-to-day duties of the manager will include origination and execution of new investment opportunities, portfolio management and other investment related activities
  • The manager will report to Director and Head of Food and Agriculture


Responsibilities

The individual will carry out the following activities on behalf of BII:

Execution Support

  • Drive deal teams during deal due diligence and execution
  • Engage with local consultants and advisers who can provide additional support as needed
  • Drive legal deal processes with assistance of internal and external lawyers

Deal Origination

  • Originate deals which fit within investment strategy
  • Understand BII’s sector team strategies and participate in relevant pipeline discussions
  • Build relationships with transaction-related intermediaries (e.g., investment banks, advisers, Big 4) to source high-quality investment opportunities

Portfolio Management Support

  • Assist with portfolio company management activities as required (e.g. monitoring performance/identifying early warning signals, guiding on troubled investments, etc)
  • Assist with implementation of the post-investment action plans developed by Development Impact (DI), Environmental and Social Governance (ESG-I), Business Integrity (BI) and value creation strategies (VCS) teams.

The Candidate

Background

  • Must have a proven track record of executing & originating equity, debt and/or mezzanine deals within the Emerging Markets (ideally the markets BII operate in Africa / Asia etc..)
  • Relevant emerging markets experience gained in private equity, corporate finance, investment banking, corporate development , M&A and investment advisory and/or investment management
  • Existing relationships within the local business, investment banking, lending, DFI, MFI and PE communities
  • Previous Food and Agriculture investment experience would be highly advantageous
  • Ideally have a MBA (focus on Finance) or equivalent post-graduate professional qualification in a Finance-related field (not a pre-requisite)


Technical Skills

  • Strategic, analytical and problem-solving skills
  • Commercial judgment and ability to assess risk and opportunity in potential investments
  • Strong people skills, with the ability to network and develop productive relationships locally


Aptitude

  • Ability to relate effectively with senior business leaders, to get BII into the right investment discussions and to prepare the ground for BII’s investment teams
  • Ability to show investment maturity with tenacity and patience to get transactions completed
  • Ability to work to deadlines and manage multiple projects effectively
  • Outstanding business communication skills, including written, verbal and presentation. Comfort communicating with all levels of management internally and externally
  • Experience working collaboratively as part of a team, facilitating information-sharing and organisational learning, with the capability and perseverance to work in a small team
  • Ability to operate independently with minimal supervision and limited on the ground support
  • Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals.

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

British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

Please provide a cover letter with your application

Salary: Competitive

About the Organization

Our mission and objectives

  • British International Investment is the UK’s development finance institution, owned by the UK Government. We invest with the aim of solving the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation.
  • We have over 70 years of experience successfully supporting the sustainable, long-term growth of businesses in Africa and Asia, and have recently expanded to invest in the Indo-Pacific and Caribbean.
  • We invest to achieve impact and a financial return which is then reinvested for more impact. Over the past five years, we have committed almost £7 billion of new investments, with our net assets growing in value to approximately £7.5 billion. We are now invested in 1,200 businesses which directly employ over 900,000 workers and support many more. Over the next five years, we plan to grow further, and aim to commit around £9 billion of new investments over the period.
  • Our new five-year strategy responds to the opportunities and challenges facing developing and emerging economies. To ensure our capital is used in the best way possible to meet these opportunities and challenges, it sets out three clear strategic objectives – to invest in productive, sustainable and inclusive development. These objectives mean an increased focus on climate finance, including investing in green infrastructure; on financing digital transformation; and on driving inclusive outcomes, including through gender and diversity finance.
  • As part of our new strategy, we have changed our name to British International Investment (from 4 April 2022), to more accurately reflect our central role in the UK Government’s international financing offer.
  • 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, Pakistan and Ghana; with additional locations opening soon.
  • 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.
  • Deliver impact. We are a growing team of over 500 and place immense value on diversity within our organisation.
  • Read more about us and the new strategy at bii.co.uk

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