Associate Principal (Private Equity) at Public Investment Corporation

Purpose of the role: 

• To execute unlisted equity transactions across various sectors and provide oversight and support on portfolio construction and deployment activities across the Isibaya division. 

Requirements:

• Relevant commerce undergraduate degree 
• Postgraduate qualification MBA/ M.Com/ MFI/MSc/CA/CFA/Engineering and/or any relevant Master’s degree or professional qualifications 
• Deep experience in executing private equity transactions in the private sector (non-DFI) gained from working in any of the following types of institutions:
• Private equity fund; 
• Private equity investment holding company; 
• Principal equity investments 
• Acquisition finance 
• 8 to 10 years of post-articles investment experience 
• Strong understanding and experience in negotiating legal agreements in private equity transactions; 
• Track record in negotiating and structuring complex transactions relating to the following instruments; 
• BEE preference share structures 
• Direct private equity investments 
• Mezzanine debt 
• FAIS Representative (RE5) 
• Broad industry and sectoral research capability 
• Advanced financial modelling skills 
• Ability to lead a transaction from cradle to grave 
• Experience in compiling investment appraisal reports for the Investment Committee 

Duties:

• Proactively identify investment partners and investment opportunities 
• Articulate investment thesis and potential investments 
• Review and optimise legal structures and legal agreements on transactions 
• Implement investment strategy and portfolio diversification strategy 
• Lead and manage the entire investment process on transactions
• Deal screening and preliminary appraisal of potential transactions 
• Build financial models, structure transactions and negotiate term sheets 
• Due diligence scoping, execution and review 
• Industry and sectoral research analysis 
• Manage portfolio prudently and enforce ESG principles;
• Develop and implement value-creation strategies at investee company level; 
• Investee company Board representation 
• Support the post-investment team on portfolio management and exit transactions 
• Risk management, compliance and reporting on investment portfolio

Competencies and skills: 

• Strong Interpersonal skills 
• High EQ 
• Negotiation and transaction structuring skills 
• Attention to detail 
• High work ethic and discipline 
• Good investment and people judgment 
• Project planning and implementation 
• Time management and prioritization proficiency