Located in Lexington, KY this role reports directly to the Head of Transaction Team. The Vice President (VP) is a member of the Investment Team and direct reports include team Analysts and Associates. Key responsibilities include:
Leading the evaluation, structuring, execution and exiting of various investment Opportunities and related transactions
Generating deal flow, monitoring, and driving initiatives within the portfolio companies
Participating in internal processes such as training and implementation of process improvements
Business Development
Develops and maintains relationships with various sources of investment opportunities, including investment banks, brokers, restructuring professionals, intermediaries, industry contacts, restructuring and accounting firms
Maintains regular follow-up regarding deal flow; capture and share information within the firm; and take notes and update DealCloud with relevant information as transactions progress
Due Diligence
Engages, establishes scope, and coordinate third-party resources, including legal, accounting, tax, environmental, appraisals, industry reviews and customer reviews
Full responsibility to manage all Investment Committee work products, including Opportunity Overviews, LOI Memos, Data Packs, Transaction Models (including confirmation of assumptions), Investment Memos and definitive documents (e.g., APAs/SPAs)
Makes recommendations to D/MD on the following: deal structure, purchase price, targeted returns, underlying business assumptions and critical definitive documentation issues, with overall responsibility for negotiating such documents
Leads Investment Committee meetings for relevant deals and has the option to observe Investment Committee for all deals
Leads certain portfolio company divestitures/add-ons
Financing Activities
Establishes and maintains relationships with various financing sources, including commercial banks, non-bank lenders, sale-leaseback providers and financial advisors
Leads the execution of or manage deal team to complete the following: obtain financing reads during diligence; negotiate transactions and credit documents (seeking input from D/MD on critical documentation issues); structure transactions; arrange all financing; and direct/manage portfolio company’s banking relationship and communication
Leads lender amendment and creditor/steering committee restructuring discussions
Works with MiddleGround’s CFO when structuring transactions and portfolio company CFOs when negotiating credit agreements to ensure compliance with MGC policies
Portfolio Company (“PC”) Management
Coordinates all portfolio company management discussions with the Operating Team
Meets with CEO and CFO to review the Value Creation Plan (“VCP”) with the Operating Team
Co-lead post-closing employee meetings with the Operating Team MD, as well as attend onsite monitoring meetings for specific events (e.g., Board follow-up meetings)
Supports management to prepare budgets, forecasts, and Board decks
Establishes urgency within the company to achieve the VCPActively participates in weekly update calls, reviews presented materials and conducts discrete analysis to guide the management team with the Operating Team.
Portfolio Company Board Meeting
Coordinates agenda for Board meetings with PC management team and Operating Team VP
Supports preparation of Board meeting materials with PC management and Operating Team
Coordinates legal documentation with MGC CFO, Operating Team VP and Chairman of the Board
Interviews and identifies independent Board members with Operating Team and make recommendations to D/MD for independent Board hires
Participates in Board meetings and participate in interim BOD meetings with Operating Team
Confirms BOD follow-up items with management
Serves as member of the Board as requested and of the Audit Committee as assigned
Requirements
5+ years in private equity, distressed and/or debt-for-control transactions
Deep understanding of structuring new investment opportunities and experience in negotiating purchase and credit agreements
Prior experience within Industrials sector strongly preferred
Excellent Financial Modeling skills, specifically LBO modeling o Needs to be able to efficiently audit models and address areas that are incorrect
Strong communicator, both verbally and in the written formats
Proven ability to independently lead deals from start to finish
Seniority level
Executive
Employment type
Full-time
Job function
Finance and Sales
Industries
Venture Capital and Private Equity Principals
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