Manager / Senior Manager - Corporate Finance & M&A

Refex Industries Limited; Chennai District; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

Refex Industries Limited is seeking a Manager/Senior Manager for Corporate Finance & M&A to lead debt, equity raises, project financing, and integration of acquisitions for its CBG business. The role involves end-to-end deal origination, due diligence, and structuring within the Indian renewable energy sector.

The ideal candidate holds CA/MBA/CFA with 8–10 years of relevant experience and will manage relationships with banks, DFIs, and investors while coordinating with cross-functional teams

Qualifications

• CA/MBA/CFA with strong academic credentials.
• 8–10 years of relevant experience in corporate finance, M&A advisory, or structured finance in India.
• Demonstrated track record in closing term loans, mezzanine financing, and equity raises for greenfield or brownfield projects.
• Experience with SATAT scheme, OMC off-take agreements, and government grant applications.

Responsibilities

• Lead end-to-end origination, structuring, and execution of term debt and project financing for CBG projects.
• Identify banks and DFIs for project funding and prepare lender presentations.
• Conduct financial due diligence, valuation analyses, and structure term sheets for acquisitions.
• Negotiate covenants, pricing, and repayment structures; ensure regulatory compliance.
• Structure acquisition financing and manage PE/family office relationships for capital raises.
• Coordinate cross-functional due diligence and post-closing integration from a financial perspective.
• Represent Refex in board meetings, investor discussions, and financing negotiations.

Skills

Corporate Finance

M&A Advisory

Structured Finance

Financial Modelling

Financial Analysis

Education

Chartered Accountant (CA)

MBA (Finance)

CFA

Job description

We are looking for a Manager / Senior Manager Corporate Finance & M&A to lead corporate finance, project financing, debt and equity raising, and M&A activities for our Compressed Biogas (CBG) business. https://www.refexrenewables.com/compressed-bio-gas

Key Responsibilities

A. Project Financing (Debt)

• Lead end-to-end origination, structuring, and execution of term debt, working capital lines, and long-term refinancing for CBG plants.
• Identify and approach banks, NBFCs, DFIs (NABARD, IREDA, IFC, ADB), and state-level financial institutions for project funding.
• Prepare detailed financial models, feasibility studies, and lender presentations.
• Negotiate loan covenants, interest rates, drawdown schedules, and repayment structures.
• Ensure compliance with lender requirements and regulatory frameworks, including SATAT guidelines.
• Structure acquisition financing including bridge loans, leveraged structures, and refinancing post-closing.

B. Mergers & Acquisitions (M&A)

• Identify, evaluate, and originate M&A opportunities within the CBG, waste-to-energy, and bio-energy sectors in India.
• Conduct target screening, preliminary valuation, and strategic fit analysis aligned with the company's growth objectives.
• Lead financial due diligence on acquisition targets covering asset quality, feedstock contracts, off-take agreements, liabilities, and operational performance.
• Build comprehensive valuation models using DCF, comparable transactions, EBITDA multiples (5x forward), and PAT multiples (10x) as benchmarks.
• Structure and negotiate term sheets, LOIs, SPAs, and shareholder agreements for acquisitions and stake purchases.
• Manage integration of acquired entities from a financial and operational standpoint post-closing.
• Support Refex's stake acquisition strategy: 25% from existing shareholders + 25% new share capital infusion, including deal structuring and funding.

C. Acquisition Financing

• Structure and arrange financing specifically for M&A transactions including acquisition debt, promoter funding, seller financing, and hybrid instruments
• Manage relationships with PE funds, family offices, strategic investors, and DFIs for acquisition capital.
• Prepare investor-ready information memoranda and pitch decks for M&A fundraising.
• Coordinate with legal, tax, and regulatory advisors to ensure clean deal closures.
• Negotiate earn-out structures, deferred consideration, and escrow arrangements where applicable.

D. Equity & Joint Venture Structuring

• Develop investment memos and pitch decks for equity investors, private equity funds, and strategic partners.
• Structure JV agreements, cap table management, and shareholder arrangements for new CBG ventures.
• Facilitate due diligence processes and assist in valuation negotiations.
• Build and maintain relationships with clean energy-focused PE/VC investors and family offices

E. Investor & Stakeholder Relations

• Maintain strong working relationships with banks, investors, government agencies, and strategic partners.
• Represent the company in board meetings, investor calls, financing negotiations, and M&A discussions.
• Track funding and deal pipelines, manage timelines, and report progress to senior leadership regularly.

F. Financial Modelling & Risk Management

• Build and maintain dynamic financial models for project economics (IRR, DSCR, NPV, payback period)
• Develop M&A valuation models DCF, EV/EBITDA, transaction comparables, and sensitivity analyses.
• Conduct scenario planning under varying feedstock costs, gas prices, subsidy assumptions, and acquisition price sensitivities.
• Monitor financial covenants and advise management on risk and early warning indicators.

G. Cross-functional Collaboration

• Partner with operations, procurement, legal, and technical teams to align finance, M&A, and contract execution.
• Support due diligence coordination between internal teams and external advisors (legal counsel, auditors, technical consultants).
• Work closely with Indian-based manufacturers to support cost transparency and supply chain financing.

Qualifications & Experience

• Chartered Accountant (CA), MBA (Finance), or CFA with strong academic credentials
• 8- 10 years of relevant experience in corporate finance, M&A advisory, or structured finance within infrastructure, renewable energy, waste-to-energy, or CBG sectors in India
• Demonstrated track record in:
• Closing term loans, mezzanine financing, and equity raises for greenfield or brownfield projects.
• Executing M&A transactions end-to-end from deal origination to SPA signing and financial close.
• Structuring acquisition financing across debt and equity instruments
• Hands-on experience with:
• SATAT scheme and OMC off-take agreements
• Government grant applications (VGF, CFA, NABARD schemes)
• LRD, working capital, and acquisition debt structuring
• Financial modelling for gas/power/bio-energy projects (NPV, IRR, DSCR)
• M&A valuation methodologies (DCF, EV/EBITDA, transaction comps)
• Familiarity with Indian regulatory, tax, and legal frameworks (GST, Companies Act, FEMA, environmental clearances, land use regulations)

Location : Chennai (Travel to Project sites)