Investment Manager

The Green Recruitment Company; Brescia; In loco; EUR 50.000 - 70.000; Tempo pieno

Descrizione del lavoro

A European Infrastructure Fund is seeking an Investment Manager to lead M&A activities for renewable energy projects such as solar PV and onshore wind. The successful candidate will have 4–8+ years in M&A or Project Finance, specializing in renewable transactions. Key responsibilities include financial modelling, due diligence coordination, and investment committee preparation. This role is based in Milan, Italy, offering an opportunity for growth in the dynamic renewable energy market.

Competenze

• 4–8+ years of experience in M&A, Project Finance, or Private Equity, ideally from an infrastructure fund or renewable IPP.
• Experience executing renewables transactions, preferably involving operating assets.
• Knowledge of European renewable M&A dynamics and regulatory frameworks is crucial.

Mansioni

• Lead M&A execution for European acquisitions of operating solar PV and wind assets.
• Conduct due diligence and coordinate various providers.
• Build and own acquisition financial models.
• Prepare investment committee papers and present findings.

Conoscenze

M&A execution

Financial modelling

Due diligence coordination

Valuation

Descrizione del lavoro

Role Overview

An expanding European Infrastructure Fund are looking for a new hire in their Milan office to support and lead on M&A activity. They would be willing to Sponsor candidates from the UK who would wish to live in Milan for at least two years.

The Investment Manager will focus almost exclusively on M&A execution for European acquisitions of operating solar PV, onshore wind, and battery storage assets. The role involves full-cycle deal execution: valuation, due diligence coordination, structuring, negotiation, and investment committee preparation.

Core Responsibilities

1. Deal Screening & Initial Assessment

• Review teasers, IMs, data rooms, and brokerage opportunities for operating renewable portfolios across Europe.
• Conduct high-level financial and commercial screening to determine strategic fit.
• Assess asset performance history, merchant / market exposure, PPA terms, and regulatory frameworks.

2. Financial Modelling & Valuation

• Build and own acquisition models for operating assets (IRR, cash flow, sensitivity analysis).
• Incorporate P50 / P90 data, degradation, curtailment, capture pricing, merchant curves, and BESS revenue stacking where applicable.
• Run valuation scenarios and structure optimisation (e.g., holdco financing, leverage options, revenue hedges).
• Produce price ranges, bidding strategies, and competitive positioning recommendations.

3. Due Diligence Leadership

• Lead and coordinate technical, commercial, legal, tax, regulatory, and financial DD providers.
• Interpret reports to determine key risks and mitigation actions.
• Consolidate DD findings into a clear risk / return view for internal decision-making.
• Engage with vendors, advisors, and internal stakeholders throughout the process.

4. Transaction Execution & Structuring

• Manage end-to-end execution of bilateral and auction processes.
• Work closely with legal advisors on SPA terms, warranties, indemnities, CPs, liability caps, and closing mechanics.
• Support negotiations alongside senior management.
• Contribute to structuring decisions relating to JV agreements, holdco structures, financing, and regulatory considerations.
• Coordinate internal approvals and ensure alignment across the investment team.

5. Investment Committee Preparation

• Draft clear and concise IC papers summarising valuation, key risks, mitigants, DD outputs, and recommended investment terms.
• Present findings to senior leadership and respond to detailed IC questioning.
• Adjust models and transaction structures based on IC feedback.

6. Market Knowledge & Regulatory Insight

• Maintain up-to-date knowledge of European renewable M&A dynamics, valuation trends, merchant market movements, and PPA pricing.
• Track regulatory frameworks across Italy, Spain, Portugal, UK, France, and other core markets.
• Build intelligence on key developers, aggregators, IPPs, and investment banks active in the operating-assets market.

7. Relationship Management

• Maintain strong relationships with advisors, banks, sell-side brokers, and market participants.
• Develop a reputation as a reliable counterparty in the European renewables M&A landscape.

Candidate Profile

Experience

• 4–8+ years in M&A , Project Finance, Transaction Services, or Private Equity — ideally from :
• an infrastructure fund,
• a renewable IPP,
• a Big 4 M&A / valuation team,
• a top-tier bank or advisory firm.
• Demonstrated experience executing renewables transactions , preferably involving operating assets.