Hermes advises institutional investors, corporates and governments across transportation, energy and healthcare infrastructure — from origination and diligence through to asset management and board representation.
Established in 2015 by Giulio Leucci, Hermes brings together a team with decades of experience as both operators and advisers. We work where deep sector knowledge decides outcomes — supporting private equity and institutional funds on origination, transaction advisory and asset management, as an extension of their own teams.
Our staff have delivered mandates across Europe, Asia, North America and Latin America, from offices in Cambridge and an expert network based in Italy, the USA and Canada. Hermes acts buy-side and sell-side for institutional clients — and, in energy, as a principal investor.
We have also run the assets. Our founder was Chief Executive of Nieuport Aviation, the terminal operator at Billy Bishop Airport in Toronto (2017–19), and served on the Executive Board of Toulouse Blagnac Airport (2019–20) on behalf of its owner, CASIL Europe — advising an asset is one thing, being accountable for it is another.
Airports, ports, road and rail — the asset classes where our team has held operating, planning and board seats. We act buy-side and sell-side for institutional investors, and manage assets through the hold period.
Airlines, bus and rail, shipping and logistics. We advise buy-side and sell-side on transactions, and drive commercial strategy and value creation across the operating layer.
Generation, distribution, storage, renewables and waste-to-energy, with decarbonisation and green bond strategy. We advise buy-side and sell-side — and invest our own capital, including in energy-as-a-service.
Healthcare and social infrastructure — long-duration assets requiring regulatory and stakeholder fluency. We provide strategic and transaction advice to corporates, institutional investors and government stakeholders.
Clients engage us at the point of decision and keep us through execution. Our services span the full asset lifecycle — from screening an opportunity to preparing it for exit.
“We have the experience to support clients from the development of their strategy and investment objectives through to successful implementation.”
Hermes Infra HoldingsTwenty-five named engagements across six practice areas — commercial strategy, transaction diligence, infrastructure and energy, financial strategy, asset management and origination. Select a practice to see the detail.





Hermes supported CASIL Europe on its investment in Toulouse Blagnac Airport, with our founder serving on the airport's Executive Board over the same period. He was previously Chief Executive and a board member of Nieuport Aviation, the terminal operator at Billy Bishop Airport in Toronto — a principal role rather than a client mandate.

Our live pipeline is shared under NDA with institutional investors and funds. Get in touch to discuss current opportunities.
Goldman Sachs
Morgan Stanley Infrastructure Partners
Stonepeak
CASIL Europe
Goldman Sachs
Morgan Stanley Infrastructure Partners
Stonepeak
CASIL Europe
Senior practitioners with backgrounds in investment banking, transaction advisory, transportation, energy, construction, business strategy and government regulation. Our people have held senior positions at Edizione, Partners Group, AustralianSuper and Ferrovial Airports, and advised Morgan Stanley Infrastructure Partners, Stonepeak and Advent International.
They have sat on the boards of Heathrow Airport Holdings, AGS Airports, Toulouse Blagnac and Nieuport Aviation, and bring operating and advisory experience from Manchester Airports Group, the Greater Toronto Airports Authority, ABN AMRO, RBS and LeighFisher — with an expert network across Italy, the USA and Canada.





Hermes develops commercial strategies for Milan Airports
Hermes sells an energy project to a private equity investor
Hermes selected for multiple work streams at Pittsburgh Airport
Hermes develops the energy strategy for New Haven Airport
Hermes selected to develop the car parking and surface access strategy for Pittsburgh Airport
Hermes assists CASIL Europe with asset management on its investment in Toulouse Blagnac Airport
Hermes develops the car parking and surface access strategy for Belfast City Airport
Hermes assists a confidential client on the acquisition of a UK logistics real estate park
Whether you are screening an opportunity, preparing for a bid, or looking to unlock value in a portfolio company — we will tell you plainly whether we can help.