HEAD OF MERGERS & ACQUISITIONS - RENEWABLES NORTH AMERICA
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We believe that diversity contributes to innovative ideas and provides added value that enables us to benefit from mutual learning and perform our best work. Here, what counts is your experience and your ability to create value. We offer you the opportunity to grow professionally, develop your career with challenging projects and collaborate with talented people worldwide. As a company committed to diversity and inclusion, we encourage all professionals who meet the job description requirements to apply.
Company Profile:
Repsol is one of the world’s leading multi-energy providers, headquartered in Madrid, Spain. Our objective is to advance in the energy transition and reduce the emissions of our operations and products in line with the goals set out by the Paris Agreement. The low-emissions generation business is one of the pillars of our strategy to be a net-zero emissions company by 2050, targeting low-emission generation capacity to reach 6GW by 2025 and 20GW by 2030.
In the summer of 2021, Repsol expanded its renewables operations to the US through the 40% acquisition of a large U.S.-based PV solar and battery storage project developer. Through this acquisition, Repsol has secured access to a significant renewable asset development pipeline. We are currently building a renewables portfolio of around 6 GW by 2030. We are looking for great talent to join our dynamic team and become part of Repsol Renewables NA success story.
Job Summary:
An opportunity has arisen to join the M&A team at Repsol Renewables based in Houston. The Head of M&A role plays a key part in executing the strategy of the company and supports the decision making of the C-Level executives in the firm. The core pillar of the role is to lead investment transactions and decisions across the renewables business. The Head of M&A will lead the execution of investments/divestments with fast, focused analysis and judge the right level of detail required for each decision. In addition, the Head of M&A will produce insightful analysis and produce clear, concise data for management reporting. The Head of M&A will be in charge of leading the renewable M&A team in North America for Repsol and responsible for the development of the rest of the members of the team.
The position is based in Downtown Houston with a hybrid work model of 3 days in the office and 2 days from home.
Responsibilities:
- Lead the acquisition/divestment of renewable energy projects in North America, from origination of the opportunity to execution of the transaction. This includes, among other:
- Lead the negotiation of investment legal documentation (NDAs, MIPAs, LLCs, etc.).
- Liaise with external advisers and intermediaries.
- Lead due diligence process for company management and external advisors.
- Lead the valuation exercise of the target company.
- Lead the preparation of investment / board committee presentations for new opportunities.
- Lead the periodic valuation of the Renewables portfolio, including updating analysis for the latest assumptions and running sensitivity analysis to allow decision making.
- Strategic analysis, initial quantitative and qualitative appraisal of transactions to establish whether sectors and specific deals are worth pursuing.
- Research and analysis of industry information, technical and financial data.
- Lead, analyze and compare investment opportunities, utilizing discounted cash flow and multiples-based analyses.
Qualifications:
The ideal candidate will have an academic background in Mathematics, Engineering, Finance or similar degrees. The role requires a proactive, inquisitive and flexible mindset. You will be leading a dynamic young team and will be given a great deal of responsibility and opportunity to develop your career over time.
- Strong academic background.
- At least 8 years of execution and M&A experience in Renewable Energy or Infrastructure in a big four or M&A department (either a Bank, Fund, IPP, Utility or any other type of investor).
- Experience in the US renewable market.
- Strong network within the investment renewable market in the US.
- Strong attention to detail and accuracy with excellent analytical skills.
- Entrepreneurial mindset, proactive and flexible.
- Practical and commercial approach with proven negotiation experience.
- Ability to manage multiple and shifting priorities.
- Team player able to thrive in a cross-cultural environment.
- Ability to present and defend investment thesis in C-level committees.
- Familiarity with Project Finance structures and process is a plus.
- Experience in Corporate Finance / Accountancy is desirable.
Repsol is an Equal Opportunity Employer M/F/Disability/Veteran
Required skills: