Investment Associate, Consumer & Industrials – British International Investment

Closing Date 14 August 2022

British International Investment We are the UK’s development finance institution and impact investor, backed by the UK Government. With over 70 years’ experience, we are a trusted investment partner to businesses in Africa, Asia and the Caribbean. We invest to create more productive, sustainable and inclusive economies, enabling people to build better lives for themselves and their communities. We currently partner with over 1,000 businesses, working with our investees to help them succeed and grow impactful businesses.

Established in 1948, we are the UK’s development finance institution. We’ve been at the forefront of supporting companies that help developing and emerging countries grow for the last 70 years.

Division: SMART Industries Group

Location: Mumbai

Employment Type: Permanent

Salary: Competitive

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

Team overview

• The Consumer and Industrial Businesses Group covers healthcare (including pharma), industrials (auto-components, EV, building materials, chemicals, packaging etc) & business services 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.

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, roll-ups and/or exits.

At Investment Associate level, you will support the work of the Consumer & Industrials Equity team in origination, evaluation and execution of transactions and portfolio monitoring. This will include research and strategy work, initial assessment of new opportunities, financial modelling, valuation analysis, due diligence, and portfolio management activities, as required, as well as assisting and liaising with other relevant transaction support teams (Legal, Environmental, Social and Governance (ESG), Business Integrity and Development Impact).

The candidate

• Successful candidates will have relevant prior foundational work experience such as graduate programme within investment banking, consulting, or private equity.
• Have a strong solid grounding in fundamental financial modelling, excel, analytical and research skills and experience in valuation;
• Financial analysis skills and ability to analyse a company’s financial statements and make commercial assessments;
• Ability to work on multiple projects across products and sectors while working to deadlines and managing time effectively;
• Good business communication and presentation skills;
• Evidence of relationship building and ability to develop a network of relevant external contacts, as well as internally across different teams;
• As a member of a small team, a flexible and “hands on” approach is a prerequisite;
• Candidates will also need to evidence previous experience working in South Asia and an understanding of emerging markets;
• Candidates should be strongly motivated by BII’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

BII 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