Location(s)
About Huron Capital Partners
Based in Detroit, Michigan, Huron Capital Partners is a late-stage private equity firm focused on investing in private entrepreneurial companies with revenues ranging from $20 to $200 million. The firm invests in niche manufacturing, distribution and service companies across a wide range of industries, always in partnership with the management teams. Huron focuses on buyouts and recapitalizations of family or privately-owned businesses, orphaned corporate divisions, or businesses with inactive owners. The firm presently manages capital in three committed equity funds: The Huron Fund L.P., a 2000 fund with $72 million in commitments, The Huron Fund II L.P., a 2005 fund with $185 million, and The Huron Fund III L.P. a 2008 fund with $350 million. Huron’s capital base is provided by a variety of institutional, corporate and family office investors including The Hartford Insurance Company, Dow Chemical, DuPont Corporation, Vlassic Investments, Masco Capital, Bank of Montreal, Scotia Bank, ABN-AMRO Bank, and National City Bank. Since 2000, Huron has acquired 38 businesses and realized several investments with top quartile returns for its investors. For more information on Huron Capital, visit www.huroncapital.com.
Responsibilities of the Associate Positions
Huron Capital is an entrepreneurial organization presently with five Partners and three Vice Presidents responsible for all day-to-day investment activities of the firm. We seek to add immediately up to 3 Associates to support the senior level investment professionals in our group. We believe this is a very exciting and unique opportunity to build a long-term career with a highly successful, fast-growing private equity firm. We intend to hire Associates capable of progressing to levels of higher responsibility as part of a normal career progression in subsequently raised follow-on funds.
The new Associates will participate at all levels of transaction execution, be a member of a two to three member transaction team and have responsibilities as may be assigned from time to time by the Partners including, but not limited to, the following:
Participating in the firm’s marketing activities including deal sourcing with investment bankers, brokers, accountants, attorneys and other professionals;
Obtaining confidential investment information from investment bankers and other referral sources and performing the initial deal screening reviews;
Performing detailed historical financial analysis, identifying key quantitative trends and predictive analysis and building forecast scenarios;
Performing complex valuation & return analysis and recommending capital structures to finance structured buyout transactions and/or recapitalizations with a mix of senior revolving & term debt, mezzanine debt & warrants and equity (common & preferred with pik rates);
Participating in raising senior & sub debt financing for prospective and current portfolio companies;
Writing comprehensive investment memoranda (60+ pages) setting forth the firm’s investment thesis, identifying investment risks, competitive market assessments and return variance analysis;
Monitoring portfolio financial performance on a monthly basis and working with portfolio companies to execute add-on acquisitions;
Organizing the firm’s due diligence process including communicating with advisors, organizing/analyzing due diligence materials and managing information flow among relevant transaction participants and capital sources;
Travel to companies in the United States & Canada to perform on-site due diligence and travel to various industry conferences for investment professionals.
Qualifications of Associate Candidates
At least 2 to 4 years experience in investment banking, equity or mezzanine investing, corporate cashflow lending or corporate development & finance related positions at acquisitive corporations;
MBA required;
Solid knowledge of structured finance, M&A transactions, accounting, and capital markets;
Advanced financial modeling skills applicable to structured finance transactions, including highly-developed Microsoft Excel proficiency, rate of return, yield and amortization calculations on all levels of leveraged balance sheets;
Persuasive and critical thinking with an acute ability to communicate in written & verbal form with conviction; comfort with a dynamic, fast-changing environment;
Ability to communicate complex information in easy-to-understand, direct language; comfort with public speaking and interaction with senior business executives;
Proficient internet research skills, particularly related to identifying markets, trends, and competitive dynamics across a variety of industries;
Very ambitious, resourceful, self-directed individual who anticipates the needs of other team members, demonstrates good judgment in decision-making and can self-prioritize
Comfort with small office, execution-oriented environment and an attention to detail in getting work done right the first time;
Professional with unquestionable integrity, credibility, and character who has demonstrated high moral and ethical behavior;
Candidates with personal or professional connections to Michigan or the Mid-West are preferred.
Please contact recruiting@huroncapital.com if you are interested.
