"Smart, brilliant and effective on complicated deals."
Chambers UK 2024
Hall of Fame – Securitisation
The Legal 500 UK 2024
"He's very commercial. He gets the deal done and doesn't get bogged down in technical aspects."
Chambers UK 2023
"He has a great understanding in his area of expertise."
Chambers UK 2023
Hall of Fame – Derivatives & Structured Products
The Legal 500 UK 2024
Sanjev Warna-kula-suriya has "a wealth of experience in structured finance, very strong legal knowledge and a good business sense, which can help to get deals done."
Chambers UK 2020
Profile
Sanjev Warna-kula-suriya is a partner in the London office of Latham & Watkins and a member of the Finance Practice. He is also Chair of the Global Structured Finance and Securitization Practice. Sanjev advises private equity sponsors, hedge funds, commercial and investment banks, and corporates on a broad range of innovative capital raising, monetization, structured disposal, and investment transactions, often involving complex cross-border special situations and structured techniques. He is a visiting Fellow at The Dickson Poon School of Law, King’s College London in relation to the Law and Practice of International Finance Master’s Degree.
Sanjev advises clients across a wide range of asset classes and structures, including public and private debt, equity-linked and hybrid capital markets issues, securitizations, and cross-border structured finance.
He also has significant expertise in the sale and purchase of financial asset portfolios, distressed investments and restructurings, and the establishment of alternative lending platforms and direct lending.
Experience
Sanjev’s representative transactions include advising:
Sovereign Wealth Fund on equity investment into luxury car maker
Bank lender on the provision of secured debt finance to a private equity fund to finance investment in directing lending and preferred equity investments
Private equity sponsor on provision of “ Loan on Loan” financing to a global operating business
Arranging bank on the monetisation of limited partnership interests by a private equity sponsor
Private equity fund in the acquisition of leveraged loan investment from a major bank using repackaging notes and total return swaps
Private equity fund to finance and invest in football player transfers on a pan European basis
Private equity funds to finance major football leagues and clubs using asset-backed (including media receivables) and hybrid financing
Private equity funds on the provision of financing to litigation funders and law firms to finance claims and enforcement
Private equity funds on structured deferred consideration financing in M&A transactions, both pre-completion and post-completion
Private equity fund on financing to major corporate on monetization of future dividend stream
Arranging banks on large pre-IPO margin loan using bankruptcy remote structure
Private equity fund in relation to SVB and Credit Suisse, including AT1 write- down
Private equity fund on equity investment through SAFE structure into European company
Private equity fund on PIPE investment into UK listed company
UK listed corporate on structured convertible issue to obtain equity credit rating and equity accounting treatment
Private equity sponsor on the issue of preference shares to a third party investor to finance a European LBO
Private equity sponsors on the structured equity tranches in connection with the LBO transaction of ASDA
Private equity fund on the asset-backed financing of the acquisition of Barclays’ UK leasing business
Credit Suisse as Arranger in connection with structuring the Pre-Capitalised Securities (P-CAPS) financing in relation to the LBO of NRG Energy
Goldman and HSBC on new comprehensive financing package for McLaren across two hybrid equity tranches (structured to receive equity credit from rating agencies)
Lead Arrangers on Aston Martin’s new comprehensive financing package across equity and debt tranches
Funders to the private equity sponsor consortium on the provision of new securitisation compliant debt facilities and the issue of new high yield bonds in connection with the consortium’s acquisition of the AA
Pure Gym and Leonard Green & Partners on convertible pref issuance to KKR
A pension fund on the provision of capital by way of a preferred equity stock instrument to a corporate structure by the pension fund
Och-Ziff as a lead investor on the restructuring of the Theatre/GHG CMBS securitization
Paratus AMC in relation to the Clifden RMBS tender offer
Eurona SA on its debt for equity restructuring
A private equity fund on the acquisition financing of Bordeaux football club
A private equity fund in relation to a structured repo financing of a European NPL portfolio acquisition
A private equity fund on its equity and debt investment in a European Lease origination platform
A private equity fund on the acquisition financing of a global equipment leasing business
A private equity fund on its investment in direct credit-linked notes issued by a major European bank for RWA reduction purposes
The arranging bank on a structured note issuance linked to private equity fund investments
The underwriters of a private equity linked securitization
A global investment bank on a highly structured, secured financing, provided to an on-shore Qatar borrower for its general business purposes
A global investment firm on the sale of a significant NPL portfolio by a European bank
Various private equity funds on the structured financings of portfolios of litigation funding assets
A global investment firm on its investment into an origination platform
A global asset manager on the provision of asset management services to a Middle Eastern investment fund in connection with three separate financings provided by a global bank across three different jurisdictions
A pension fund on the limited recourse, borrowing base facility secured against a portfolio of European direct lending assets
Various investors in the provision of credit protection on portfolios of commercial loans on the lending books of major financial institutions
A private equity fund on a structured JV-type fund established to acquire and invest in litigation funding assets
A private equity fund on the limited recourse, borrowing base facility secured against a portfolio of litigation funding assets
A leading investment fund on the proposed purchase of a credit card and consumer finance business
Cairn Capital Ltd on synthetic securitization of a leading bank’s corporate loan portfolio
Fortress Investment Group on the provision of asset-backed loan finance in Finland, Poland, and Spain
Goldman Sachs on an asset-backed loan financing for a UK fintech lender
A leading investment bank on a funded equity derivative over the shares of a major UK listed company
Magnetar Financial LLC on synthetic securitization of banks’ corporate loan and real estate loan portfolios
Mariner Investment Group on synthetic securitization of a bank’s project finance portfolio
Morgan Stanley as Arranger of High Yield Bonds issued by AnaCap backed by structured credit products
Och Ziff Capital Management as asset-backed lender to an international fintech lending business
A leading investment bank on a funded equity derivative over the shares of a listed Spanish company
The sponsor and manager of a project finance CLO in the far East
Qualifications
Bar Qualification
England and Wales (Solicitor)
Education
Bachelor of Arts (Combined Hons), The Dickson Poon School of Law, King's College London, 2018 visiting fellow
Legal Practice Course, College of Law, London, 1987
LL.B. (First Class Honors), King's College, University of London, 1986
Latham honored as Global Law Firm of the Year in GlobalCapital’s Global and Americas Derivatives Awards for innovation and significant contributions to the advancement of the derivatives industry.
Firm represents the asset manager in transaction to provide bespoke hybrid capital solution to affiliate of one of Latin America’s leading companies for critical supply chain infrastructure.
Firm represents the internet service provider in a first-of-its-kind securitization of approximately 12.6 million Internet Protocol version 4 (IPv4) addresses and related customer contracts globally.
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