Job description
The Team
Infrastructure Advisory Group (IAG), a part of KPMG Deal Advisory in the UK, consists of c400 professionals and is widely recognised as a leading independent business, financial and regulatory adviser in the infrastructure space. The group has won many awards, including Financial Advisor of the Year (Infrastructure Journal) for several years.
We provide in-depth advice on strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and Europe. Our work includes market and policy design, economic and regulatory analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We work closely with other functions within KPMG to advise clients on mergers and acquisitions, due diligence, valuations.
Power & Utilities (P&U), led by Dr Matt Firla-Cuchra, counts c85 FTEs is the largest business area of the IAG and encompasses work for major clients in the sector, including all UK utilities as well as some of the largest energy and water companies in Europe and beyond. We provide in-depth strategy, market, regulatory, cost assessment, corporate finance and transaction advice to players and investors in the utilities sector. Our work combines elements of policy, finance, strategy and economics to assist our clients in structuring investments, securing financing, supporting regulatory regimes for the benefit of customers as well as maximising shareholder value. We are widely recognised by many industry stakeholders as market leaders influencing the future of the utilities sector.
Our P&U business is currently divided into six practices: Water Regulation, Energy Regulation, Finance, Projects, Transactions & Energy transition, and Cost Benchmarking, and is continuously expanding with double digit growth over the last 10 years. As such we are looking for high quality candidates to support our growth and development of existing and new service lines, while building on the work already undertaken in the Group.
The Role
You would be joining the Transactions & Energy transition sub-team of P&U. The team has delivered strong growth in recent years, over-delivering on its recent budgets. It counts 10 FTEs curently, and has the ambition of double its revenues and size over the next three years.
The Transaction & Energy Transition Associate Director (AD) role will comprise:
1. Providing M&A advisory and financial advice to clients on energy transition sectors (such as energy efficiency, connections, metering, renewable generation etc.), jointly with the KPMG Corporate Finance team
2. Providing regulatory due diligence on transactions in the regulated utility sector, leveraging the specialist skills across the P&U team (regulation/finance/cost assessment etc)
3. Providing strategic, regulatory and market advice, to corporate and infra fund clients, on energy transition segments
4. Providing energy transition strategic advice to regulated utilities in the UK, supporting them on future energy policies, regulatory modelling and valuations
5. Supporting the general origination effort of the Transaction & Energy transition and the wider Power & Utilities team
6. Managing delivery of several engagements of different size on a day-to-day basis. Being responsible for the quality of deliverables produced for clients
7. Working closely with our colleagues in other parts of KPMG Deal Advisory to develop and maintain business relationships with clients, in particular infrastructure investors
8. Ensuring KPMG's quality and risk management procedures are adhered to
9. Providing effective management, coaching and mentoring of junior staff on specific engagements
10. Developing, inspiring and empowering team members in line with the firm's values
The projects that you will advise on will be high profile and varied focusing on regulated utilities in the UK and energy transition in Europe. For example, the team has recently provided:
11. Completed a sell-side M&A advisory on a C&I solar platform in Eastern Europe
12. Completed a strategic review of an energy efficiency company in Europe
13. Completed regulatory due diligence on large UK water utility
14. Regulatory & commercial due diligence on a large OFTO
15. Regulatory & commercial due diligence for the acquisition of an electricity distribution network
16. Advised on the gas market prospects in the context of a takeover of a large gas distribution company in the UK
The Person
17. Extensive experience in M&A advisory in the Power & Utilities sector, or in Consulting (strategy / management) in the energy sector
18. Experience of working on and managing transactions in utilities and infrastructure
19. Good understanding of transaction process and execution
20. Experience of working regulated utilities, and / or energy transition sectors such as energy efficiency, C&I solar, C&I decarbonisation, connections, metering, renewable generation
21. Have experience and understanding of key elements of energy policy and economic regulation of utilities
22. Ability to work at pace and during intense periods of live transactions
23. Excellent presentation and communications skills
24. Strong commercial awareness
25. Have a go get attitude and a will to succeed, with experience of opening up opportunities
26. Be an independent thinker with the ability to identify and solve problems
27. Excellent presentation and communications skills