June 2016 - Astris to act as buy-side financial advisor in connection with the possible acquisition of a minority stake in a Toll Road asset in Indonesia

Astris has been retained by a leading transportation developer and operator to assist on the preliminary due diligence and on the structuring of a bid offer in connection with an operating toll road asset.

April 2016 – Astris to appoint Michael C. Sagcal as Astris’ Country Representative in the Philippines

Astris Finance is very pleased to announce that Michael C. Sagcal has joined its team as Country Representative based in Manila, Philippines. 

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.

March 2016 - Astris completes 12MW Wind Permit Sale in France

Astris Finance advised Eco Delta, a French wind developer, in connection with the straight sale of a 12 MW wind permit to the German closed end fund Leonidas. Astris Finance’s scope encompassed the market consultation, the investor selection, the detailed negotiation of the SPA terms and conditions and the closing process. In addition, Astris Finance was deeply involved in the finalization of the permitting process and was in charge of coordinating the vendor due diligence process.
Astris is currently mandated on similar wind transactions in Europe and Africa.
 

February 2016 - Astris hires Santiago Pardo as Managing Director based in Bogotá, Colombia

Astris Finance is very pleased to announce that Santiago Pardo has joined its team as Managing Director based in Bogotá, Colombia.

Santiago will head the Colombia office of Astris Finance. In Colombia, the firm has been working on the government’s road concession program known as 4G for the past three years, and is also involved in conventional and renewable energy, oil and gas, and in the port sector. Santiago will also strengthen Astris’s presence in the Andean region, and particularly in Peru where Astris has been one of the leading infrastructure and energy advisors in the past years.

Over the past 20 years, Santiago Pardo has acquired a unique blend of infrastructure finance experience, encompassing both the corporate perspective and the banking perspective. He has developed very strong expertise in project finance, debt capital markets, M&A, project development, and private equity. His industry track record spans oil & gas, infrastructure, power, and mining.

Santiago began his career at Citibank Colombia in 1991, moving to New York in 1997 where he worked for 11 years with Citi’s Infrastructure and Energy Finance Group, including 6 years as head of the Latin America team. 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.

Santiago moved back to Colombia in 2008, where he transitioned to the corporate side, serving as Project Finance Director for Reficar, an Ecopetrol-developed refinery project, then as Managing Director for Infrastructure and Energy at Abacus Capital, a local asset manager; from 2011 to 2014, he was CFO of TGI, the largest natural gas pipeline company in Colombia; and most recently (2014-2016), he served as CFO of La Luna Resources, an E&P company developing conventional and unconventional resources in Colombia. For these last two roles, he was selected as CFO by the major private equity investors backing these companies. At TGI, 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 their investment in TGI for USD 880 million.

Santiago holds an MBA (with distinction) from the Johnson School at Cornell University, as well as a B.S. in economics from Universidad de los Andes in Bogotá. He is fluent in English and Spanish, and conversational in Portuguese.

November 2015 – Astris to Act as Financial Advisor in connection with the financial feasibility study of a 1800 MW hydropower plant project in Papua New Guinea

Astris has been retained by a leading Italian construction company to conduct the financial feasibility study of a greenfield 1800-MW hydroelectric power plant project in Papua New Guinea.