Frederic OttavyChief Executive Officer
Frederic is InfraMed’s CEO and sits on the investment committees of InfraMed, Amethis Africa Finance and Benjamin de Rothschild Infrastructure Debt Generation. His previous position was as Director at the French Agency for Development (AFD) where he created the Financial and Legal Engineering Department, also sitting on the Investment committees of PROPARCO and of the FISEA investment fund, and chairing the ARIZ guarantee fund. Previous to this role, Frederic assembled the Non-Sovereign division of AFD. Frederic joined the AFD Group through PROPARCO, where he created the Corporate Finance division. Prior to PROPARCO, Frederic worked for the European infrastructure investment arm of the Californian Edison International power group, based in the UK. Beginning his professional career with Société Générale, Frederic held successive positions including Associate Director on the London Project Finance team.
Jean-Philippe Aubertel is Director at InfraMed Management. His previous position was Director of the French Agency for Development’s (AFD) Group Risk Management. His responsibility covered 350+ clients including 100+ in infrastructure (utilities, transport, telecommunications, mining, hospitals) and 60+ in MENA. Of the €28bn portfolio under his supervision, €5bn concerned infrastructure and €6m were in MENA. Between 2008 and 2010, Jean-Philippe headed the AFD’s Risk and ALM Division, where he sat on the investment committee of the FISEA investment fund. Jean-Philippe was previously Principal Investment Officer at AFD’s Structured Finance Division, where he executed €100m of debt and equity transactions. Prior to AFD, Jean-Philippe was Deputy Head for Africa at the French Treasury (Ministry of Finance), where he was in charge of the day-to-day management of the Ministry’s participation in AFD. In that position, he advised the Ministry of Finance’s appointment to the AFD board of directors, sat on the investment committees of both AFD and PROPARCO, and carried out macro-economic monitoring of 15+ African countries for the French Representative to the IMF Board. Jean-Philippe had previously been a Telecommunications & IT manager at Accenture, where he notably coordinated the strategic and budget planning for all lines of products for a major telecommunications operator. Jean-Philippe began his professional life in the French General Delegation for Armament, where he conducted R&D studies, tender processes and contract negotiations for telecommunications projects. Jean-Philippe holds a double Masters degree in engineering from Ecole Polytechnique and Ecole Nationale des Techniques Avancées, and a MBA from Ecole Nationale des Ponts et Chaussées. Jean-Philippe also studied at the Institute of Higher National Defence Studies.
Yousra KhayatiAssociate Director
Yousra has five years of cumulative experience in financial and investment advisory. Prior to joining CDG Capital Infrastructures, Yousra was an investment officer in charge of carbon finance investments in Morocco; the Capital Carbon Fund was managed by CDG Capital Private Equity, a subsidiary of CDG Capital. As such, she participated in the origination and management of investment projects in the wind field, solar and landfill management sectors. Previously, Yousra was a consultant, for 3 years, including two with the Boston Consulting Group. She joined then the sustainable development consulting firm Auriverde as a senior consultant. Before that, Yousra worked at Société Générale in the corporate desk for structuring derivatives linked to savings schemes of CAC 40 companies. She first began her career with the firm Ernst & Young, where she conducted a number of recurring audits for her main client Allianz (formerly-‐AGF). Yousra graduated from the Ecole Centrale of Paris, majoring in industrial engineering, specialising in strategy and finance.
Bertrand Fournier-MontgieuxAssociate Director
Prior to InfraMed, Bertrand worked as a lawyer in international top-tier law firms (Clifford Chance and Orrick, Herrington & Sutcliffe), in Paris and Casablanca. Bertrand has 8 years of experience in project development and project financing in the energy and infrastructure sectors in Africa and Europe. As a lawyer, he advised sponsors (both corporates and investment funds), lenders and public entities in drafting and negotiating project finance documents for major infrastructure transactions. His experience includes a wide range of public-private partnerships for the financing, construction and maintenance of essential public infrastructures such as schools, university buildings, telecommunications networks, ports, airports and high speed railway lines. Bertrand has also a significant experience in both large and small-scale energy projects (including wind farms, solar plants and gas- and oil-fired power plants) in France, Morocco and Cameroun. Before practicing law, Bertrand worked for two years as an Analyst in the risk management department of Dexia Credit Local, where he reviewed counterparty risk in the granting of loans to French schools, hospitals and health and social institutions. Bertrand holds a MBA from ESSEC Business School, a Master degree in public economic law from Pantheon-Assas University (Paris II) and a Master degree in Management and Public Policy from Nanterre University (Paris X).
Holding an Advanced Master in Infrastructure Project Finance at Ecole Nationale des Ponts et Chaussées, Ismael is Associate at InfraMed Management. Prior to joining InfraMed in 2016, Ismael worked in at Natixis Paris as Corporate Coverage Analyst in charge of large French groups from CAC 40 index across a wide range of sectors (energy, agribusiness, telecommunication, media, aircraft, distribution, luxury). His previous experience was his participation in the creation of a family company Compagnie de Négoce et de Travaux in Abidjan, Cote d’Ivoire. His role in the operation of this company’s sandpit activity gave him a field experience of business and entrepreneurship environment in the African context. Beginning his professional experience in the legal area as jurist in a business law firm in Abidjan, Ismael advised companies, entrepreneurs and individuals in their corporate, fiscal, civil and labour issues at a national and regional level. Ismael holds a Master’s degree in Business Administration from Audencia Nantes Business School majoring in Finance and a Master’s degree in Private Law from Catholic University of West Africa.
Julie MembreOffice Manager
Julie is InfraMed’s Office Manager, in charge of the organisational and administrative aspects of the company. She graduated in the “Management Assistant” work-and-study programme with ITIC Paris in July 2015. Prior to that, Julie studied from 2011 to 2013 in the “School Teaching” Master at Grenoble University. She also holds a BA in history from La Sorbonne University.
Laurent GrimaldiSenior Advisor
Laurent Grimaldi is CEO and founder of C-Consulting, which advises on corporate strategy, M&A and fundraising. He is a successful serial entrepreneur who sits on the board of numerous start-up companies. Laurent is the Venture Partner of Breega Capital, the first European venture capital fund (EuVECA) in France. In 2009 Laurent formed and lead the Open 3G consortium aimed at bidding for the 4th mobile licence in France. From 2005 to 2008, he was the Managing Director of the Venture Funds and Telecom Practice of Axa Private Equity (€15bn AuM) managing an investment team of 10. Before that, Laurent was CEO of Tiscali International (€100m turnover, 150 people) where he notably managed Tiscali’s sale to Telecom Italia Sparkle. Laurent became involved with Tiscali after it had acquired NETs, a pan-European network infrastructure provider that Laurent had founded in 1998. From 1994 to 1998, Laurent was the Director of Telecommunications of the City of Paris (€20m budget, 60 engineers). He started his career as a manager at Schlumberger Electronic Transactions in Italy from 1992 to 1994, and before that at Schlumberger Wireline in Argentina from 1988 to 1991. Laurent holds a degree in engineering from Telecom Paris, a Master’s degree and the Agrégation diploma in Mathematics, and a Master’s degree in mechanics. He is fluent in French, Italian, English and Spanish.
Andy FriendIndependent Member of the Investment Committee, Chairperson
Andy Friend chairs the investment committee of the advisor to a corporately backed core OECD economic infrastructure fund. Over the last five years Andy has also been active in a wide range of public and private sector advisory and NED roles, including as Commercial Advisor for the UK Department for Transport and as a panel member of the UK Government’s Major Project Review Group. Prior to 2006 he spent 7 years at John Laing, a FTSE250 specialist infrastructure developer with an extensive European PFI/PPP portfolio, first as Managing Director of Investments and then later as the Group’s CEO. He was responsible for growing the portfolio of PPP assets from £146million (June 2000) to £420 million (June 2006), both through primary asset origination and through brownfield acquisition of the Hyder & Amey Investments portfolios and expansion within the broader European market. Between October 2001 and November 2005 market capitalisation of the listed company increased from £89.5m to £654.0m prior to Henderson's on market takeover of the business in November 2006 for £1.0 Billion. Before this Andy was an associate Director at Macquarie Bank; covering project and structured finance. Andy was Chief Executive of the City of Melbourne in the 1990s, having first set-up an economic development unit for the City in 1985. Andy has an extensive knowledge of infrastructure investment having appraised a great range of capital projects, many of them in the transport sector.
Renato RavanelliIndependent Member of the Investment Committee
Renato Ravanelli is Chief Executive Officer of F2i sgr. F2i (Funds for Italian Infrastructure) is the fund management company ("società di gestione del risparmio" or "sgr") that has set up the largest Italian closed-end investment funds dedicated to investments in the infrastructure sector. From early 2008 to mid-2014 he was Managing Director and the executive of the management board of A2A Group – the main Italian multi-utility company operating in the power, gas and environmental sectors, as well as in the management of energy distribution networks (electricity, gas, water, heating). From 2005 to 2007 he was CFO and an executive member of the Edison Group's Board of Directors. In the previous 9 years he held the position of CFO and Strategy Director for AEM Group. While in AEM, he was also Head of electric power and gas trading. He began his career in 1990 carrying out studies and research within the insurance and public utility sectors. He then spent four years as a macroeconomist and financial analyst in the Economic Research Department of two Italian Financial Institutions. Renato holds a Degree in Economics with full marks from the Catholic University of Milan.
Dipesh ShahIndependent Member of the Investment Committee
After an extensive career as Chief Executive of several large businesses in Energy (Renewables, Oil & Gas, Nuclear), Dipesh Shah now sits on the Boards of the EU Marguerite Fund, where he Chairs the Investment Committee; Thames Water, the largest water utility in the UK; The Crown Estate which is amongst the largest property companies; Canaccord Genuity Group Inc, a Toronto-listed Financial Services firm; Cavendish Fluor Partnership Llp; and Genesis Housing Association, which provides social and affordable housing in central London and surrounding Boroughs. He previously served on the Boards of Lloyd’s of London, the oldest Insurance market, and FTSE-100 listed Babcock International Group Plc. Dipesh is the former Chairman of Viridian Group Plc, a FTSE listed all-Ireland power utility where he oversaw a doubling of market cap to £2Bn; HgCapital Renewable Power Partners Llp, a leading Private Equity fund; and the European Photovoltaics Industry Association where he was elected Chairman on five occasions. His Chief Executive Officer roles spanned the UK Atomic Energy Authority where he pioneered the acceleration of nuclear decommissioning, saving £1.5Bn, and Businesses in BP. These included the largest pipeline and processing facilities which delivered PBT of over $700m p.a. in $10/bbl world, and BP’s renewable portfolio which he transformed from loss-making to the first Renewables company valued at over $1Bn in the mid-1990s. He was also the Global Head of Acquisitions and Divestments for BP Group, covering a portfolio of ca. $100Bn. Earlier in his career, Dipesh was the youngest-ever Chief Economist for BP Oil UK. He graduated in Economics with Distinction from London University, and from Warwick University and Harvard Business School.
Alain PeigneuxSubsidiairies' Independent Manager
Alain is InfraMed's Luxembourg subsidiairies' Independent Manager. Alain has over 20 years of audit, administrative, finance, investment and banking experience in Luxembourg. He is active in providing corporate services to institutional private equity and real estate investors through FIDEURO S.A., a Luxembourg chartered accountant firm he fully owes. Alain also serves as independent member of the boards of directors of various Luxembourg companies belonging to prestigious international groups, including regulated vehicles. Prior to entering his current business, Alain’s assignments included Managing Director of the Luxembourg subsidiary of a Swedish listed asset management house, Administration & Finance Manager in an international telecommunications group and auditor in a big 4 audit firm. Alain holds post-graduate diplomas in commercial and financial studies from H.E.C. Liège/Belgium, majoring in economics, tax matters and marketing and is a member of the Ordre des Experts-Comptables (OEC) in Luxembourg.
Joseph BahoutGeopolitical Advisor
Professor Joseph Bahout is a Visiting Scholar at Carnegie Endowment in Washington DC, affiliated to the Middle-East Programme. Besides, he is currently Associate Fellow at the Geneva Center for Security Policy and member of the Scientific Board of Institut français du Proche-Orient. He also has activities as consultant for several European and Arab institutions and frequent contributions to European and Arab medias on the Middle-East. In 2005, Joseph Bahout became Professor of Middle-Eastern Studies at Sciences Po Paris, and a Senior Fellow at Academie diplomatique internationale. From 2009 to 2014, he also served as a Permanent Consultant for the Policy Planning Unit at the French Ministry of Foreign Affairs. From 1993 to 2005, Bahout was a professor at the Université Saint-Joseph in Beirut, and between 1993 and 2000 a researcher at the French Beirut-based Centre d’etudes et de recherches sur le Moyen-Orient contemporain. During that period, he had several political activities and civil experiences on the national level. Joseph Bahout published two books, on Syria’s business community and its political outlooks (1994), and on Lebanon’s political reconstruction (1998), besides numerous articles and chapters on Middle-Eastern politics. Professor Bahout earned a bachelor’s degree in Economics from the American University of Beirut before studying International Relations at the Institut d’études politiques de Paris, and then achieving a PhD in Political Science at the same institution.
Robert BikouIT Support
Robert is in charge of IT/Telecom within InfraMed. He also works as a Consultant for Amethis Finance and Axis Alternatives, and he is an associate of the BSE Group. Prior to that, he worked from 2009 to 2014 on the analysis and the development of the financial logic for UBS Moscow, and he is currently working on a crowdfunding project and on a social network. He also was a Lecturer at the State University of Uman, Ukraine, where he majored in Physics, Mathematics, Computer Science and Finance.