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Profession: Wealth and Alternative Investment Adviser
Location Main Office: City // Barcelona | Country // Spain
Private equity, Real estate/commercial, Venture capital
Roger Miralles is a financial economist with experience in banking, consulting and public sector (EU and regional) with focus on (dis)investments and financial modelling. Currently, he is working as Partner of Alternative Investments at Talenta Gestion since May 2014. Mr. Miralles was an investment analyst at Interparking Hispania from March 2013 to May 2014. Before, he was working at Puentis on corporate lending in Spain. Also, he collaborated with ABC et Associés providing financial advisory and M&A transaction services. He has professional experience on financing projects and companies. He is modeler being able to build a P&L, BS and CF for any project including project finance deals. He has the ability to analyze IRR of the cash flow of a project, know the value of a company, and build the financial structure equity/debt to finance it. He served as economic advisor for the government on public private partnerships on justice i.e. prisons and courts for the regional government of Catalonia, in 2012. For 2009-2012, he collaborated as Economist with Catalunya regarding healthcare investments and expenditure.
Talenta Gestión Agencia de Valores S.A.
Partner, Wealth Advisory and Alternative Investments05/2015 – present
•Manage 40M€ of Alternative Investments
•Fundraising 20-40M€ to invest in car parkings in Spain in freehold to lease to professional operators. Project finance will be considered for each SPV with 50% LTV
•Analyzed several deals in submitted NBO and BO to acquire assets and share deals for Siroco Capital Private Equity. 12.3M€ equity to invest in wind farms and mini-hydro in Spain, project finance analysis to finance the debt of the project
•Fundraising of 7M€ for a Spanish REIT residential buildings in Barcelona and Madrid, 50M€ equity, 50% leverage
•Closed the acquisition of offices: 3.5M€ Barcelona for a client, 5% yield
•Fundraising of 3M€ to create a holding to invest in optic fiber in Spain in small municipalities
•Leading the “Club de Inversiones Alternativas” (CIA): 200 investment projects analyzed per year
Interparking Hispania S.A.
Business Development03/2014 – 05/2015
•Transactions closed 23M€: Murcia – Alfonso X 8M€, Tarragona Universidad 3M€ and Barcelona – Caspe 12M€
•Operators analyzed to acquire equity: 100% Empark, 49% SABA, 100% EYSA, 60% BAMSA – tender Barcelona 11.000 spaces 33M€ revenue), individual assets. Project finance to finance large acquisitions and the BAMSA tender.
•Assets and Operators analyzed in: Portugal, LATAM (Brazil, Peru, and Colombia), Turkey, Nordics, Rumania, Morocco.
Business Development, Corporates and Investors03/2013 – 03/2014
First crowdlending platform in Spain. Term loans: 1 to 5 years, from 1 to 10M€. Fundraising among investors including Famiy Offices. Structured 4 loans and 250M€ in loan origination.
•Mini-hydro project finance in Spain - ERSA
•Mini-hydro project finance in Mexico - ERSA
Generalitat de Catalunya, Departamento de Justicia y Economía
Economic Adviso to Deputy Minister and Economist04/2009 – 12/2012
•Budget planning and restructuring of the Public Private Partnerships projects in courthouses and prisons in Catalonia. Savings of 18M€ in one year.
•Concession control in Healthcare Department: car park COMSA Pere Virgili.
•Restructuring proposal of the Ciutat de la Justicia concession
•Project restructuring of prisons: CP El Catllar and CP Puig de les Basses (“derecho de superficie”)
•Project restructuring of courthouses: Audiencia de Girona (“derecho de superficie”)
SENER Ingeniería y Servicios S.A.
Business Consultant 04/2008 – 04/2009
Project finance analysis for transport and energy projects in infrastructure: HSR in France (Tours-Bordeaux) Eiffage, public transport integration Gipuzkoa, container terminal (TCB), marina project Barcelona near W Hotel, car parkings (Acciona), toll roads around Barcelona off-peak and peak tariff/price setting. Feasibility studies for projects.
Fitch Ratings, Sub-national public sector
Credit Rating Analyst03/2013 – 04/2014
Assigning ratings to sub-sovereign entities in Spain and Portugal, municipalities, local entitities, public sector entities, and regional governments: “ayuntamientos, diputaciones, comunidades autónomas” and “camara municipales”. Catalunya, Castilla La Mancha, Asturias, Cantabria, La Coruña, Pamplona, Porto and Lisboa. The creation of the Global Infrastructure and Project Finance department, under Nicolas Painvin, entities: ABERTIS; shadow ratings for project finance financed deals “Autovia de la Plata”, among others.
“The Mechanics of Project Finance”, Middlesex University, Prof. Steve Mills (RBS PF MD)2012
Universidad Politécnica de Catalunya (UPC), Barcelona2008-2009
Master of Arts, Infrastructure Management (“Gestión de Infraestructuras”)
International Project Finance, OLS-URJC, Prof. Tomas Casanovas2016
HEC Paris, Paris2015
International Certificate Corporate Finance (ICCF)
IESE Business School Navarra, Barcelona2012
Universidad de Barcelona (UB), Barcelona2008
Pre-Ph.D. (“Diploma de Suficiencia Investigadora”, PhD Courses and pre-Thesis
“Municipal debt in Spain 1994 – 2008” Panel Data Analysis
European University Institute, Florence (Italy)2003-2004
Master of Research in Economics, Scholarship awarded by the Spanish Foreign Office
Universidad de Barcelona (UB), Barcelona1998-2002
B.A. Degree (Top 5% 250 students), selected by Grupo EUS (special program by grades)
Certificate Expert of Corporate Valuation (“Certificado Experto Valoración Empresas” (IEAF)
Selected Coursera Course:
-Financing and Investing in Infrastructure, SDA Luigi Bocconi, Prof. Stefano Gatti
Languages: Spanish and Catalan mother tongue; Englush Proficiency (UCL).
IT: Excel advanced (financial models), Power Point advanced
English, Spanish, Catalan
MA Economics, BA Economics
Years in Advisory: 8
Accompanied & accomplished deals: 10
Total Transaction Volume: EUR 100,000,000
Yacht Driver License 15m