Director

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.

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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 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 led the teams behind the financing of the Kingston Container Terminal (Jamaica, 2016 - advising CMA CGM), the successful bid for the award of Via 40 (Colombia, 2016 - advising VINCI Concessions and Conconcreto), and the closing of the financing of Cerro Dominador (Chile, 2018 - advising EIG), LatAm first CSP plant, for which Romain had a central role on the structuring and syndication of c. US$ 1bn of financing. 

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. 

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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.

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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.

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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.

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Gonzalo Ruiz de Angulo

Gonzalo Ruiz B&W 1.jpg

Gonzalo Ruiz de Angulo is Director of Structured Finance, Head of the Madrid Office. During his 15 years of professional experience, Gonzalo originated and executed domestic and cross-border Investment Banking transactions (including Project Finance, Project Bonds, Corporate Lending, M&A, LBOs, Restructurings, Recapitalizations or Treasury) in excess of US$25 bn (corresponding to more than 80 transactions globally), with a wide range of leading North American, Latin American, Asian and European public and private clients, across multiple sectors, including: conventional and renewable energy, power transmission, oil & gas, mining, water treatment, water transportation, waste to energy and PPP.

Prior to joining Astris in 2018, Gonzalo spent more than eleven years at BBVA leading origination and execution teams as structuring bank and financial advisor globally. Most recent position was Managing Director - Global Head of Energy Project Finance, and formerly was Head of Power Latam and Head of Renewables EMEA.

Gonzalo has also 3 years of experience on the developer side, at Enel Unión Fenosa Renovables, within the Finance Department, are that he headed. He Structured and restructured Project Finance deals and corporate financing in Spain and Portugal in the renewable energy field, for €600 million.

Gonzalo has a BD in Business Administration from the Universidad Complutense de Madrid. He is native in Spanish and fluent in English.

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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.

 

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