Stéphane Calas

Stéphane Calas has more than 20 years of experience in investment banking, infrastructure finance and direct investment.

Since joining Cube IM in 2010, Stéphane has primarily focused on the Public Transport and Energy sectors. He was notably involved in the acquisitions of Netinera Deutschland, Boreal Transport and Hansea. He also took an active part in the investment in Idex and the development and integration of the Energy Supply platform, as well as in the spin-off of NeoElectra’s relevant assets into Taranis Energy. In 2014, Stephane was part of the transaction team in charge of the sale of IslaLink and led the divestment of the fund’s 40 per cent stake in Newlincs. Since 2016, he is also actively involved in the supervision and development of Covage and the Communication Infrastructure platform.

Previously, Stéphane had spent more than 9 years in Investment Banking at Dresdner Kleinwort in various M&A and Corporate Finance roles, based in London and Paris. He was particularly active in the Utilities and Infrastructure sectors, advising corporates and specialist Infrastructure funds on a number of M&A, Restructuring and Capital Markets transactions across Europe. Following the acquisition of Dresdner Bank by Commerzbank AG, he was appointed as global Head of Infrastructure in the M&A Advisory team of the combined group, covering energy, transport and telecom infrastructures.

He was subsequently a founding partner of Prodeo Capital SAS, an independent advisory firm active in the financial services and energy sectors.

Prior to joining Dresdner Kleinwort Benson, Stéphane had worked for 5 years at PricewaterhouseCoopers, latterly as a manager in the firm’s Corporate Finance advisory practice. As part of his academic curriculum, he notably carried out research on the deregulation of the transport sector at the French institute for national research on transports (INRETS).

He is a civil engineer and an MBA graduate from the Ecole des Ponts.

A French citizen, he is fluent in English and has a reasonable command of German.