Fabrice Henry

Fabrice Henry is Managing Director in charge of the firm’s investment advisory and asset management lines of business. With more than 20 years of infrastructure experience, he has worked in a variety of roles, including financial advisor, M&A advisor, bond arranger and principal lender. He specializes in the development, structuring and financing of infrastructure concessions – working with project developers to define a project’s scope and fundamental economics, optimize its risk allocation, define and negotiate the contractual framework, and raise the necessary capital in the form of debt and equity. Fabrice has advised on more than 100 infrastructure and energy projects at Astris, totaling more than USD 8 billion in financing.

As a founding partner of Astris, Fabrice was Managing Director in charge of structured finance from 2000 until 2006, when he was relocated to Paris by Dexia, the firm’s then majority shareholder, to become Global Head of Origination, Syndication and Principal Finance. In this capacity, he oversaw close to € 6 billion in yearly infrastructure and municipal bond underwriting and principal lending.

Fabrice began his career in 1989 as project manager for a large Anglo-Asian construction company in Hong Kong. In 1992, he joined the French Ministry of Infrastructure, where he developed the first public-private partnerships for universities, hospitals and administrative buildings in the Paris region. In 1994, Fabrice was hired by the Inter-American Development Bank (IADB) in Washington DC to act as infrastructure finance specialist, establishing and operating the institution’s municipal infrastructure finance group for Central America and Mexico.

Fabrice received his graduate degree in pure and financial mathematics from Ecole Polytechnique (1988), as well as a master's diploma in civil engineering and urban planning from Ecole des Ponts et Chaussées (1991). He has also received executive training from the John F. Kennedy School of Government at Harvard University, the Stern School of Business at New York University, and the New York Institute of Finance.

Fabrice is fluent in French, English, and Spanish and conversational in German and Portuguese.

Return to the team page.

Tobey Susan Collins

Tobey Collins is Managing Director of Structured Finance | Energy. In nearly 20 years in the power sector, Tobey’s transactional experience has spanned both the financing and sponsor sides of the negotiating table. She has worked in conventional and renewable energy as well as power distribution and transmission, both in the U.S. and across the Latin American region.

Prior to joining Astris in 2013, Tobey spent ten years leading transactional finance teams as a sponsor/owner of electricity assets. As Chief Financial Officer at AES Gener, Chile’s second largest generator with over 4,000 MW of installed capacity, Tobey led debt and equity capital raising activities of approximately $2 billion to support an aggressive expansion plan. As Managing Director of Restructuring at the AES Corporation, Tobey worked out and refinanced close to $3 billion of troubled debt at AES assets principally in Brazil as well as the Dominican Republic and Colombia. Tobey has also held senior finance roles at Lanco Solar in the US photovoltaic sector and Verdeo Group in the carbon trading space.

Before switching to the sponsor side, Tobey worked as a project finance banker and advisor. She worked for the Private Sector Department of the Inter-American Development Bank as an Investment Officer. She had previously worked in ABN AMRO Bank’s Project Finance team based in Caracas, Venezuela and in Sao Paulo, Brazil. She began her international project finance career at the Overseas Private Investment Corporation (OPIC).

Tobey graduated magna cum laude from Harvard University with a B.A. in Government and holds a masters degree from the Georgetown’s School of Foreign Service.

Tobey is fluent in English, Spanish and Portuguese.

Return to the team page.

Pedro Batalla

Pedro Batalla is Managing Director specialized in investment advisory and M&A. Pedro has over 25 years of experience in Latin American infrastructure finance, including with the International Finance Corporation (1990-1998); as an MD at Darby Investments (now a Franklin Templeton company) (1998-2007); and as a partner at Santander Infrastructure Fund II L.P. (2007-2010).

At Santander, Pedro was member of the management team responsible for raising a € 1.5 bn infrastructure fund focused on Europe and Latin America. The team invested € 500 million in four companies including Aguas Nuevas, Chile’s third largest water utility. Pedro sourced and directed the fund’s investment in Aguas Nuevas S.A., the third largest water utility in Chile; he then acted as CEO of the company for two years and led its successful sale. At Darby, Pedro was co-manager of a $195 million fund, fully invested in a broadly diversified portfolio of minority equity positions and mezzanine loans with exposure to Mexico, Brazil, Colombia, Peru, Bolivia and Argentina -- the great majority of which in the infrastructure sector (including ports, electricity generation, gas pipelines, waste and wastewater). The fund has now exited all its investments except one and is set to achieve a very successful IRR. At the IFC, Pedro was regional manager for Mexico, based in Mexico City (1997-1998); regional representative for Argentina and Chile, based in Buenos Aires (1992-1997); and Investment Officer for Venezuela and Colombia (1990-1992). As such, he played a senior role in most of the transactions that IFC financed in Argentina, Chile and Mexico in the above mentioned periods, with a special focus on electricity generation, transmission and distribution, gas pipelines, toll roads, railroads and port terminals.

Pedro earned an MBA from IESE (Barcelona, Spain) and a B.S. in Mechanical Engineering from E.T.S. de Ingenieros Industriales, University of Navarra, San Sebastián, Spain. Pedro is fluent in English, Spanish, Portuguese, Italian and Catalan, and proficient in French.

Return to the team page.

Diane Weber

Diane Weber joined Astris Finance in 2013 from Verdeo Sindicatum, where she worked as the Finance Manager and was responsible for day-to-day accounting at both the corporate and project level. She worked closely with the Sindicatum Sustainable Resources Group Finance team in Singapore. Her primary responsibilities included management of accounts payable and accounts receivable, fixed asset/project accounting, monthly close and reporting activities in addition to audit, tax, budgeting, and human resource responsibilities.

Prior to Verdeo Sindicatum, Ms. Weber was a Senior Accountant at ContourGlobal, a power company that develops, acquires and operates electric power and district heating businesses, with a global presence in over fourteen countries spanning four continents. Before that, she was an Accountant at Softbank Capital, an independent venture capital firm that focuses on early stage high growth technology based businesses benefiting from the rapid deployment and adoption of broadband and mobile technologies. Diane has extensive experience in intercompany transactions, cash management, and accounting for multi-million dollar acquisitions.

Diane holds a MBA from the F.W. Olin Graduate School of Business at Babson College and a BS in Business Administration, with concentrations in Finance and Management, from the University at Albany.

Return to the team page.

Santiago Pardo

Santiago joined the Astris team in February 2016 as Managing Director. During his more than 20 years of experience he has developed a unique blend of experience encompassing both the corporate as well as banking perspectives, with a very strong expertise in project finance, debt/capital markets, M&A, project development and private equity. His industry expertise spans the oil & gas (pipelines, LNG, E&P), infrastructure (ports, toll roads), power (generation and transmission) and mining sectors.

Mr. Pardo began his career at Citibank Colombia in 1991, moving to New York in 1997 where he worked for 11 years at Citi’s Infrastructure and Energy Finance Group. From 2002 to 2008 he was the Director leading the team originating and executing transactions in Latin America, reporting directly to the global head of Infrastructure and Energy Finance. During this time, he was directly responsible for closing over 20 transactions in 12 different countries in the Americas, raising over USD 8 billion in funding from multiple sources (banks, international and local capital markets, ECAs and official agencies).

He moved back to Colombia in 2008, where he transitioned into the corporate side, serving as Project Finance Director for Reficar and Managing Director for Infrastructure and Energy of Abacus Capital, a local asset manager. Most recently (2014-2016), he served as CFO of La Luna Resources, an E&P company developing conventional and unconventional resources in Colombia. Prior to this (2011-2014), he was CFO of TGI, the largest natural gas pipeline company in Colombia. For these last two roles, he was selected as CFO by major private equity investors backing these companies and was responsible for corporate finance, investor relations, accounting, treasury, financial planning, M&A and new business development. He personally led the refinancing of TGI’s USD 1,125 million debt in the international capital markets, and assisted CVCI in their successful exit of this investment for USD 880 million.

Mr. Pardo holds an MBA (with distinction) from the Johnson School at Cornell University, as well as B.S. in economics from Universidad de los Andes in Bogotá.

He is fluent in both English and Spanish and conversational in Portuguese.

Mai Pare

Mai-Pare-Headshot-2017.jpg

Mai is the in-house counsel for Astris with over ten years of experience in international corporate affairs. Prior to joining Astris, Mai served as legal counsel for the US operations of a multinational Japanese consumer products corporation, handling a broad range of general corporate matters, including intellectual property rights and contract negotiation. She was also a litigation associate at a large US law firm, where she represented Fortune 500 companies in US State and Federal Court.

Mai holds a J.D. from the University of California Hastings College of the Law, as well as an M.P.H. in Environmental Health Sciences from the University of California at Los Angeles. She is a member of the State Bar of California.

Return to the team page.

Juan Francisco Toro

Juan Francisco began his tenure at Astris in 2005 by working on energy assignments and toll roads while located in Washington DC. In 2007, he was assigned to co-lead the Project and Structured Finance team of Dexia Mexico, before rejoining Astris in 2009 as a director focused on Energy and Export Credit projects.

Mr. Toro has extensive experience in structuring and financing energy deals. Over his 10 year career, he has successfully raised and arranged an aggregate in excess of USD 3.5 billion of long term financing for infrastructure and energy projects in Latin America, Middle East and Africa. Sectoral expertise includes power generation and transmission, oil and gas, and liquefaction and regas LNG facilities.

Over his professional career, Mr Toro has worked with multiple Export Credit Agencies and Bilateral institutions including US Ex-Im, Sace, OPIC, Coface, and ICO. During his recent tenor at Dexia Mexico, Mr. Toro sourced and executed over USD 800 million of non-recourse financing including several PPS projects (Mexican PFI) in the infrastructure and social sectors.

Prior positions include Vice President at Taylor-DeJongh, where Mr. Toro advised on power and energy projects scattered throughout Asia, Africa, and the Americas, and a three-year tenor at Lloyds TSB in Colombia as a Senior Foreign Currency Trader in charge of managing the foreign currency position of the bank.

Mr. Toro holds an MS with a concentration in international finance and energy from the School of Foreign Service at Georgetown University as well as a BA in economics and finance from Colombia's Universidad EAFIT. Mr. Toro is fluent in Spanish and English and proficient in French and Portuguese.

Return to the team page.

Philippe Ducos

Mr. Ducos comes to Astris after an eighteen year career with Dexia. While with Dexia, Mr. Ducos acted as arranger, lender, financial advisor, or equity investor for more than 80 transactions in the electricity, oil and gas, transport, environmental services and telecommunications industries, representing more than USD 60 billion in investment. Notable positions for Mr. Ducos while with Dexia include: (i) Deputy Head of Financial Markets and Member of the Public and Project Finance Executive Committee from 2005 to 2007, (ii) Chairman of the Public and Project Finance Credit Committee from 2002 until 2005, (iii) Chief Risk Officer from 2000 to 2002, and (iv) Business Head from the Americas from 1996 to 2000.

Mr. Ducos received his graduate degree in pure and financial mathematics from Ecole Polytechnique as well as a master's diploma in economics, finance, and statistics from Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE), both in Paris. Mr. Ducos is fluent in French and English and conversant in Spanish.

Return to the team page.

Romain Papassian

Romain Papassian joined Astris in 2005 and worked on several transportation projects, including toll roads and mass transportation systems, prior to being reassigned within the Dexia Group where he spent three years until rejoining Astris in 2009. At Dexia, Mr. Papassian was in particular responsible for the origination, structuring and placement of infrastructure credits in Europe, with a focus on project finance and regulated corporates such as toll road operators, water and electricity utilities. Romain Papassian has been directly involved in the arranging and placement of more than USD 3.5 billion of debt in Europe and Latin America. At Astris, Romain Papassian has been involved in a variety of projects in Mexico, Brazil, Peru, Colombia and the Caribbean, with a specific focus on capital markets, securitization and agency financings. More recently, Romain has been involved in the Transjamaican Highway Refinancing (Jamaica, 2011), in the BTA Toll Road Project (Dominican Republic, 2010), as well as in several bidding contests including the Viadom Concession (Dominican Republic, 2009). Romain relocated in 2012 from Astris's Paris office to Washington DC to manage Astris's US office - since then Romain has had a lead role in the ramp up of our team in DC. 

Mr. Papassian holds a BS/MS in infrastructure planning and finance from the Ecole Nationale des Ponts et Chaussées (ENPC, 2007) in Paris. He is fluent in French, English and Spanish, and conversant in Portuguese. 

Return to the team page.

Thomas Innocenzi

Prior to joining Astris, Mr. Thomas Innocenzi spent two years within Dexia’s Debt Capital Market Group where he worked on several infrastructure and public finance transactions in Eastern Europe, Middle-East, Central America and the Caribbean. In addition to originating, structuring and arranging debt financing for infrastructure projects, Mr. Innocenzi was in charge of the marketing of structured products to public sector clients. Prior to joining Dexia, he served as Analyst in Société Générale’s Infrastructure Project Finance division, where he advised the French Ministry of Justice on the implementation of the first PFIs in France and closed one of the first large scale hospital PFI’s in France in 2006. Mr Innocenzi has directly worked on more than USD 5 billion of successful-closed transactions, either as advisor, arranger or bookrunner. 

Mr. Innocenzi holds a BS/MS in infrastructure planning and finance from the Ecole Nationale des Ponts et Chaussees (ENPC, 2007) in Paris. He is fluent in French and English and conversant in Portuguese.

Return to the team page.

Hugo Virag

Mr. Hugo Virag has 18-year of M&A & project finance experience, most recently as Managing Director of the Infrastructure Group of StormHarbour in Asia-Pacific, a global and independent investment bank. Between 2007 and 2010, Hugo was senior manager of an infrastructure private equity fund sponsored by French Caisse des Depots et Consignations among other European financial institutions. Hugo started his career practicing law with the corporate and asset finance practice of international law firm Hogan Lovells  (1999 - 2005). 

Hugo has an extensive experience as principal, developer, financial and legal advisor across Asia-Pacific and Europe. His experience spans across real asset financing, with a specific focus on infrastructure/ transportation, power and renewable energy sectors, as well as downstream Oil & Gas. At StormHarbour, Mr. Virag was in particular responsible for the origination, structuring and placement of primary greenfield projects and secondary buy-sale transactions in the infrastructure sector, having been directly involved in connection with over USD 10bn of M&A and project finance advisory mandates across Asia-Pacific, and as such has acted as (i) co-lead advisor on the structuring of a USD 5bn refinery/petrochemical complex and associated marine infrastructure in Vietnam, for which a USD 40m ECA-backed development financing has been secured, (ii) originator and lead advisor on the successful placementto a Japanese investor of a AUD 50M senior debt financing tranche related to an Australian desalination plant, (iii) originator and lead placement advisor for the Asia-Pacific region in connection with the completed divestments of equity participations in two high profiletransportation assets in Europe and USA, or (iv) co-advisor on the structuring and arrangement of the winning bid for the construction of a portfolio of solar farms in Thailand. 

Hugo has received an MBA from the ESSEC & Mannheim Business Schools. He also graduated from the Law Schools of University of Virginia (USA) and University of Paris-La Sorbonne (France). Hugo is the co-President of the Energy and Infrastructure Committee of the French Chamber of Commerce of Singapore.

Return to the team page.

Michael C. Sagcal

Prior to joining Astris Finance, Michael was Spokesperson and Communications Director at the Philippines’ Department of Transportation from 2012 to 2015. While concurrently serving as Senior Project Development Officer in 2013, he worked on special issues in the structuring and tender of the agency’s first set of PPPs: the USD 1.3 Bn LRT-1 Extension, the USD 340 Mn Mactan-Cebu International Airport, and the USD 34 Mn LRT-MRT Automatic Fare Collection System.

He spent two years at a law firm from 2010 to 2012, where his infrastructure and energy practice included acting as transaction advisor to the PPP Center and advising the National Renewable Energy Board in formulating the country’s landmark Feed-In Tariff Rules.

Michael earned his Juris Doctor degree from the University of the Philippines in 2009 and his Diploma in Corporate Finance from the Ateneo de Manila University in 2014. He also attended the PPP Foundation Masterclass Program at Her Majesty’s Treasury – Infrastructure UK as a Mansion House Scholar in 2012.

Return to the team page.

Daniel Uzueli

Daniel Uzueli joined Astris in 2013 as Director based in São Paulo, coordinating Astris’ activities in Brazil. Daniel has over 15 years of experience in the Brazilian infrastructure industry.

Daniel began his career with the project finance team at Banco Votorantim (1998-2002). He then worked as an independent consultant and as Senior Strategic Manager at Alcoa (2002-2005), prior to joining Rio Bravo Infrastructure as a Senior Partner in 2005.

During his career, Daniel has been able to advise project developers in both M&A and project finance transactions. Daniel has had a lead role in securing financings for projects in a wide range of sectors including transportation (roads, subways, ports), power (thermal, wind, cogeneration, transmission lines, large hydro), sanitation, and accommodation PPPs (e.g World Cup Stadium PPP and Olympic Park PPP), among others.

At Rio Bravo, Daniel advised project sponsors in the context of several high profile tenders in Brazil, including the largest hydro projects (e.g the USD 15bn Belo Monte project, or the USD 5bn Jirau project), and participated in the preliminary studies of the USD 20bn RJ-SP High Speed Train.

Daniel holds a degree in Civil Engineering from the University of São Paulo (Escola Politécnica) and a post-graduate degree in Business Administration by FGV - Fundação Getúlio Vargas, São Paulo. Since 2009, Daniel has been an instructor in the Project Finance program for MBA students at FIA - Fundação Instituto de Administração in São Paulo.

Return to the team page.

Mariana Quidel

Mariana-Quidel-Headshot-2017.jpg

Mariana Quidel joined Astris Finance in 2010 from BNP Paribas, where she worked as an analyst in the Oil and Gas Structured Finance group of the Firm’s Investment Banking division. At BNP Paribas, Ms Quidel closed several reserve base lending facilities including one for the largest independent oil and gas company in Colombia. She participated in the origination and the portfolio management of several transactions with junior exploration and production companies and national integrated oil companies in Latin America. Prior to BNP Paribas, Ms Quidel was an analyst at Dexia’s Debt Capital Markets, where she provided assistance in public sector and infrastructure bond origination and capital markets financings structuring, developed financial models and contributed to the marketing and placement of the credits originated towards end investors.

Ms Quidel holds an engineering diploma in finance and mathematics from Ecole Nationale des Ponts et Chaussees (ENPC, 2008) in Paris, and a MS. in Operations Research from Columbia University. She is fluent in English, French, Spanish and Portuguese.

Return to the team page.

Arnaud Germain

Arnaud joined Astris in July 2009 as Associate. Prior to joining Astris, Arnaud worked for French utility Electricité de France (EDF) in South East Asia where he was in charge of financial modeling and contract review in connection with several hydro and gas-fired power generation projects . With Astris, Arnaud has been involved in a number of M&A deals in the solar sector in France, working either as sell or buy side advisor to project developers and equity investors. 

Arnaud holds a bachelor degree in finance, and a MS in International Affairs from French ESLSCA. He is fluent in French and English, and conversant in German.

 

Return to the team page.

Santiago Ramos

Santiago Ramos joined Astris Finance in 2010. Prior to Astris, Mr Ramos worked for Dexia Mexico as a project finance analyst where he was involved in the structuring and financing of several toll road projects and PPS projects (Mexican PFI) in different sectors (hospitals and water among others). In particular Santiago was the senior modeler for the 2008 Latin American Social Infrastructure Deal of the Year Ciudad Victoria Hospital and on the landmark road PPS Nuevo Necaxa-Tihuatlan. Santiago played a key role during several bidding processes and has acquired experience managing transactions from initial development until financial closing. Santiago holds an MBA from Instituto de Empresa of Madrid (IE, 2010) and obtained an Industrial Engineering Degree from Universidad Iberoamericana (Mexico City, 2006). He is fluent in English and Spanish. 

Return to the team page.

D. Carl Prather

D. Carl Prather joined Astris in October of 2012 as an Associate. Prior to Astris, Carl spent three and a half years working as a Senior Analyst at EMP Latin America, the manager of the Central American Mezzanine Infrastructure Fund (CAMIF), dedicated to mid market mezzanine investments in renewable power, telecommunications, transportation, agribusiness, and water and sanitation sectors throughout the Central American region. Before joining EMP Latin America, Carl held an Analyst position at the Structured and Project Finance Division of the U.S. Export-Import Bank, working on infrastructure investments in various sectors across the emerging markets. Carl's core competencies are financial structuring, debt and equity negotiations, contract review, and financial modeling.

Carl holds a BA in International Affairs and Latin American Studies from Connecticut College and an MS in International Business and Finance at Georgetown University.

Return to the team page.

Florent Nicol

Florent joined Astris in February 2011 as Analyst. Prior to joining Astris, Florent was analyst at Veolia Water, where he worked in the Structured Finance department. At Veolia, Florent was in charge of financial modeling and contract review. In particular, Florent was the lead modeler supporting the team in charge of the acquisition by Veolia of a portfolio of European water BOT projects from United Utilities in June 2010. Florent was in charge of the review of the asset-specific financial models, and developed a proprietary consolidated portfolio model. Florent graduated from French leading engineering school Ecole Nationale des Ponts et Chaussées (ENPC) and holds an MS in Project and Structured Finance from that same school.

Return to the team page.

Damien Dupa

Damien joined Astris in June 2014 as an Associate. Prior to joining Astris, Damien spent one year in Natixis's Project Finance group in Paris where he worked on arranging debt financing for infrastructure projects. Damien spent then two years in Mazars Paris Structured Finance team advising private and public clients on several infrastructure and PPP projects (defense, water, hospital, universities, roads and airports). Damien has been involved as lead modeler or in charge of model audit in numerous transactions.

Damien holds an M.S. in International Project Management from business school ESCP Europe and in Banking, Finance and Commodity Trading from University of Bordeaux IV. Damien is fluent in French, English and Spanish, and conversant in Portuguese.

Return to the team page.

Victor Owen

Victor joined Astris in June 2012. Prior to Astris, Victor worked in Société Générale’s Energy Project Finance team in Paris. At Société Générale, Victor participated in the structuring of transactions in the power sector (coal-fired, nuclear, renewables) and oil and gas sector (LNG plant, refinery, petrochemical plant). He was involved in the review of financial models and the financing documents of the transactions.

Victor holds an M.S. in International Management and a certificate in Energy & Finance from French leading business school HEC Paris (Paris, France). Victor is fluent in English and French and conversant in Spanish.

Return to the team page.