Investment Manager

The Green Recruitment Company; Milano; In loco; EUR 70.000 - 100.000; Tempo pieno

Descrizione del lavoro

A European Infrastructure Fund located in Milan is looking for an Investment Manager to lead M&A activities focusing on European acquisitions in operating solar PV, onshore wind, and battery storage assets. Candidates with 4-8+ years of relevant experience, particularly in managing renewable energy transactions and performing financial modelling, are preferred. Candidates from the UK willing to relocate for at least two years will be considered. This role provides opportunities to shape investments in the rapidly evolving renewable energy sector.

Competenze

• 4-8+ years in M&A, Project Finance, Transaction Services, or Private Equity.
• Experience with operating renewable assets transactions.
• Background from infrastructure funds, renewable IPPs, or top-tier advisory firms.

Mansioni

• Lead M&A execution for European acquisitions in renewable energy.
• Conduct financial modelling and valuation scenarios.
• Handle due diligence processes with multiple stakeholders.
• Manage end-to-end transaction execution and structuring.
• Prepare investment committee papers summarizing deals.

Conoscenze

M&A execution

Financial modelling

Valuation

Due diligence coordination

Transaction structuring

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.