Job Description

African Infrastructure Investment Managers (“AIIM”) is one of the pre-eminent private equity infrastructure managers in Africa, having raised over USD3.9bn in capital over the last two decades. With 5 offices on the continent, AIIM has invested in more than 22 African countries, representing over 74 investments across the Power, Digital infrastructure, Transportation and Midstream sectors. AIIM is a wholly owned subsidiary of Old Mutual Alternative Investments (OMAI), one of the largest private alternative investment managers in Africa, with assets under management of USD7.6 billion. OMAI manages private equity and impact funds as well as infrastructure funds through AIIM. Our investment approach goes “Beyond the Obvious” and enables us to uncover opportunities others may overlook. We aim to deliver superior risk-adjusted returns as well as make a positive social impact across Africa.

AIIM is seeking a talented individual, who is passionate about Africa and its development, to join the business and provide support to the pan-African Investment team.

Role Responsibilities:

Investment process management and transaction execution:

• Lead sourcing of proprietary and intermediary- driven infrastructure investment opportunities across the key fund sectors but focusing on transport, ports and logistics;
• Drive full transaction execution: commercial assessment, financial modelling, valuation, structuring, negotiations, and investment committee materials;
• Coordinate and manage due diligence processes with guidance from senior team members
• Perform risk analysis and review financial statements
• Support senior team members in the negotiation of transaction and project documents
• Oversee bid documents in tender submissions

Financial modelling:

• Independently perform comprehensive company valuations leveraging the junior team members
• Review, run and adapt deal financials models
• Guide and provide oversight to junior team members on financial modelling tasks
• Train and mentor junior team members with regards to financial modelling

Investment papers and investment committees:

• Compile investment papers with guidance from senior team members and support from junior team members
• Present deals to Investment Committees together with senior team members

Asset management:

• Track asset performance against original projections
• Structure and execute value-enhancing initiatives (including but not limited to overseeing capital structure optimisation, refinancing, and exit planning)
• Engage with portfolio company management to implement operational, strategic and ESG initiatives
• Monitor risk, compliance, and performance against investment thesis
• Participate in and contribute to board meetings

Transaction origination, fund-raising and profile-raising:

• Build and maintain strong relationships with counterparts (advisors, lenders, co-investors, and other stakeholders)
• Contribute to marketing documents and engage with potential investors
• Contribute to fund strategy, portfolio construction and broader fund investment decisions
• Attend and speak at industry conferences
• Project-related travel for site visits, deal negotiations and industry conferences

Leadership & Mentorship

Coach and develop junior team members

Required Experience and Core competencies

• An Honours Financial or Engineering degree
• Post-graduate Business School or equivalent qualification advantageous
• Excellent financial modelling skills
• 6-8 years in infrastructure private equity or investment banking (preferably bulge bracket investment banks)
• Demonstrate track record in leading infrastructure transactions from origination through close
• Strong understanding of infrastructure assets, concession-based models, regulatory frameworks, and long dated cash flows
• Transaction experience in Africa preferred
• Experience in ports and logitics strongly preferred
• The following sector expertise is a plus:
• Energy;
• Digital infrastructure (towers, fibre, data centres)
• Core infrastructure
• Project/process management - ability to run M&A processes with limited guidance (from hiring of advisors through due diligence engagements to transaction execution)
• Financial acumen – the capacity to demonstrate knowledge of and insight into financial principles and processes and identify inconsistencies in data
• Ability to apply sound business judgment and an analytical, pragmatic and creative approach to problem solving
• Good understanding of transaction documentation (SPAs, SHAs etc)
• Ability to plan and prioritise effectively
• Commercial orientation
• Excellent verbal and written communication skills
• Very strong attention to detail

Personality Attributes

• Flexible & dynamic – self-motivated, results-driven, ability to deal with change
• Excellent intellectual & conceptual abilities
• Resilience
• Excellence orientation (concern for high-quality work) – follow-through; the motivation to ensure the highest standards of quality and productivity are consistently maintained
• Invests high levels of energy in work
• Outcome focused
• Team player