Insights

13 February 2021

CID Looking for Investment Team Associate

Private Equity Investment Associate Job Description 

CID Capital is an Indianapolis-based private equity firm that focuses on control investments in lower-middle market buyout transactions. We are continually expanding our investment team to include qualified associates seeking significant responsibility in transaction analysis and investment support. Successful candidates will be assigned to transaction teams and work in an entrepreneurial environment and have constant interaction with the senior members of the firm.

Primary Responsibilities

I.  Deal diligence and execution (70%)

  • Involvement with all areas of transaction execution, from confidentiality agreement to deal closing
  • Extensive leveraged buy-out modeling and financial analysis
  • Manage data room analysis, third-party diligence, and internal investment review

II. Build value in portfolio companies (20%)    

  • Work with portfolio company executives to execute growth and margin improvement plans
  • Participate in targeted portfolio level projects including add-on acquisitions

III. Support outbound marketing and deal generation program (10%)

  • Participate in outbound calling efforts to CID’s executive network
  • Support business development team with calls on prospective investment opportunities
  • Ongoing outreach responsibilities with sourcing networks

Qualifications

  • Education: Strong academic credentials 
  • High positive energy, motivation, and entrepreneurial spirit
  • Excellent analytical skills and attention to detail
  • Ability to work independently and as part of a larger team
  • Demonstrated initiative, follow-through, leadership, and communication skills
  • Extensive financial modeling skills and deep knowledge of Excel
  • Previous private equity, investment banking, or accounting experience preferred

Compensation

Competitive salary based on position and experience with annual bonus based on performance

Timing

Ongoing

Please contact Debbie Morgan debbie@cidcap.com to share a current resume.

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11 February 2021

Steve Cobb on Deal Making Moving Online

https://www.ibj.com/articles/the-big-shift

At Carmel-based private equity firm CID Capital, Managing Partner Steve Cobb said moving meetings online has its advantages. “I almost say it’s better because the amount of interaction increased so much.”

The firm focuses on acquiring lower-middle-market U.S.- and Canada-based companies, with a focus on consumer products, industrial products and business services.

CID’s travel schedule got cut in half last year, Cobb said, but the total number of meetings tripled or quadrupled because online meetings are so much easier to arrange.

“We found ourselves getting great insight from the management teams that we were talking with and the founders that we were talking with,” he said. Online meetings “really allowed business to continue at a level that was probably unimaginable five years ago.”

CID’s Cobb said he’s “pretty bullish on where 2021 would go,” especially since his firm concentrates on acquiring firms from owners and founders who are looking to retire.

“There’s, in our view, always retirements,” Cobb said. “There’s no way to slow the clock. We all get older.”

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04 January 2021

CID Capital Names New Managing Partner

January 4, 2021, We are pleased to announce that Steve Cobb, a long-time investment team member and Partner of CID Capital, has been named the firm’s Managing Partner effective January 1, 2021.  Steve has over 20 years of private equity investment experience at CID and most recently served as a member of the firm’s investment committee. Steve is succeeding Scot Swenberg, who served as CID’s Managing Partner for eight years. Scot will resume his responsibilities on the CID investment team going forward. In his new role, Steve will oversee CID’s strategic direction, providing leadership on firm and fund matters. In addition, he will continue his role on the firm’s investment committee alongside Scot Swenberg and Eric Bruun. Steve will be particularly involved in CID’s investor relations and organizational development activities.

“I am proud of the great legacy and reputation of CID Capital and am honored my partners selected me to serve as the firm’s Managing Partner. 2021 marks our 40th year as a firm, and we are grateful for the trust our investors, the business owners we partner with, and our company executives have put in us for four decades. I look forward to continuing and building upon CID’s commitment to excellence for our investors.” ­- Steve Cobb

Steve has over 30 years of finance and investment experience, including 20 years investing and managing CID portfolio companies. Prior to joining CID, Steve held financial leadership roles within the Fabric Care business at Procter and Gamble. In addition to his responsibilities at CID, Steve is active mentoring and volunteering within the central Indiana community. Steve holds an MBA from Harvard Business School and a BA in Economics from DePauw University.

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