Monarch Bioenergy is a joint venture between Roeslein Alternative Energy (“RAE”), the renewable division of Smithfield Foods, and the private equity firm TPG Capital. Launched in 2018, Monarch uses RAE’s anaerobic digester technology to capture methane emissions from manure and convert the gas into carbon-negative, pipeline-quality natural gas. Monarch currently operates 8 production facilities in Missouri and plans to build 30 more across the country over the next 5 years. Future production facilities will be located in proximity to Smithfield Foods farms, and target geographies include North Carolina and Texas.
Smithfield Foods is a pork producer and food processing company headquartered in Smithfield, VA. As part of Smithfield’s commitment to becoming carbon negative across its U.S. company-owned operations by 2030, the company established Smithfield Renewables in 2017 to unify its GHG-reduction efforts with a focus on emissions reduction and efficiency efforts on farms, processing facilities and across its transportation and logistics network.
Roeslein Alternative Energy (RAE) was founded in 2012 as an operator and developer of renewable energy production facilities that convert agricultural and industrial wastes, and renewable biomass feedstocks, into renewable natural gas and sustainable co-products. RAE engages in business operations with a focus on sustainability and environmental improvement, with the vision to restore 30 million acres of grasslands on marginal land in the Midwest over the next 30 years.
TPG Capital is one of the world’s largest private equity investors with over $84 billion under management across a wide range of asset classes. Launched in early 2021, TPG Rise Climate is the dedicated climate investing arm of TPG Capital that pursues investments that benefit from the firm’s existing climate portfolio, and the global network of executives and advisors across the TPG ecosystem.
In March 2022, TPG Capital made an investment in Monarch Bioenergy through their Rise Climate fund. As an equal partner in the JV, TPG Rise Climate will work with RAE and Smithfield to advance agricultural innovation, enhance existing projects in Missouri, and develop new ones in select states across the U.S.
With TPG’s support, Monarch is building out a corporate infrastructure as the company transitions to a formal stand-alone entity. As such, the company now seeks to hire a Director of Business Development to lead all business development, M&A, and early-stage investment activities across the company.
The ideal candidate will possess: (1) financial and professional training from a top-tier strategy consulting or investment banking firm; (2) experience in M&A and business strategy development; and (3) distinctive intellectual horsepower, personal drive, and career upside. The Director will serve as the “right-hand” and direct report to the President & Chief Investment Officer and can be based anywhere in the U.S.
Experience & Requirements
• At least 5+ years of professional experience across finance, corporate development, M&A or investment analysis; preferably with industry exposure to renewable energy and/or other project-based industries. Current or past exposure to PE is ideal.
• Advanced financial, organizational, and analytical skillset; Ability to make sound business judgements.
• Strong experience in building and managing financial models and budgets for short, medium, and long-term (multi-year) projections for financial performance.
• Experience sourcing M&A targets, including conducting market research such as compiling and synthesizing comparable transactions; Track record of closing deals.
• Experience preparing and creating investment committee decks and board decks for investment approvals.
• Demonstrated success in identifying and nurturing new/ongoing business opportunities. Able to interface with investors and external partners on a consistent basis. (TPG, Board etc.)
• Demonstrated ability to structure and lead projects with cross-functional teams and Executives.
• Displays a high level of initiative; invites, challenges, and explores new ideas while understanding and communicating risks.
• Nimble and entrepreneurial in nature; make decisions with imperfect information; wired for a fast-paced, high-change, private-equity sponsored environment.