Jonathan Weinberg | White & Case LLP International Law Firm, Global Law Practice
Jonathan Weinberg
Jonathan Weinberg

Jonathan Weinberg

Partner, Prague

“Jonathan Weinberg is regularly praised for his hard work on mandates and his ‘commitment to protect his clients, as well as an ability to understand the business and what the client really wants.’”

Chambers Global 2014

Overview

Jonathan Weinberg regularly acts for major arranging and syndicate banks, and equity sponsors at all levels of the capital structure, in deals ranging from leveraged finance, asset finance, project finance and securitizations, and financial restructuring. Currently based in Prague, Jonathan's focus since 2009 has been on Central, Southern and Eastern European and Russia-linked transactions, and he has been based in both Prague and Warsaw.

Clients benefit from Jonathan's comprehensive knowledge of sophisticated financing structures, from syndicated investment-grade senior debt to second lien/first loss, mezzanine, and more exotic equity-linked structures, to bank/bond transactions under mixed laws.

Jonathan brings to the region 15 years of experience in bank finance and restructuring earned in London, Paris, Prague and Warsaw, and his clients appreciate the balance of legal acumen and commercial understanding he brings to high-value and high-pressure transactions.

Jonathan was the lead bank finance partner on the 2012 restructuring and recapitalization of the Vivacom Group, and on the 2013 €2.5 billion acquisition financing to PPF in connection with the sale of Telefonica Czech Republic. He also recently acted for the borrowers in the ground-breaking acquisition financing by P3 and TPG of the largest commercial real estate portfolio in the Czech Republic.

Bars and Courts

  • Ontario Bar
  • England and Wales

Education

  • LLM, London School of Economics
  • LLB, Osgoode Hall Law School

Languages

  • English

Experience

PointPark Properties (P3), 2014

Representation of the TPG Capital and Ivanhoe Cambridge portfolio company P3, owner, developer and manager of European logistics properties, in the €523 million purchase of Czech logistics portfolio from two funds advised by Tristan Capital Partners and VGP. The acquisition is one of the largest single logistics transactions by value in Europe of the past ten years, and the largest ever in the Czech Republic. The acquisition was backed by €379,775,000 in refinancing and development facilities provided by a club of banks arranged by Československá obchodní banka, Komerční Banka and Česká spořitelna. The terms of the financing include classic LBO-market borrower protections, a first for a Czech real estate financing deal.

Société Générale, 2014

Representation of Société Générale as coordinating mandated lead arranger and Citibank Europe plc, Credit Agricole Corporate and Investment Bank, Československá obchodní banka, a.s., Deutsche Bank AG, London Branch, ING Bank N.V., The Royal Bank of Scotland plc and UniCredit Bank Austria AG as mandated lead arrangers in connection with the financing of the acquisition of Telefonica Czech Republic, the leading mobile, fixed-line and IPTV operator in the Czech Republic and Slovakia, by PPF Group, with total financing amounting to €2.288 billion, covering part of the acquisition price and the consideration paid in the subsequent mandatory takeover. This transaction represents the largest bank finance transaction and the first public acquisition of its kind in the Czech Republic.

VTB Capital plc bank and Corporate Commercial Bank AD, 2013

Representation of VTB Capital plc bank and Corporate Commercial Bank AD as a lead bank finance partner in connection with a debt restructuring, recapitalization and acquisition of Bulgarian Telecommunications Company AD and certain of its affiliates through schemes of arrangement under Part 26 of the Companies Act 2006.

Energeticky a prumyslovy holding, a.s., 2013

Advising a consortium of 11 banks led by UniCredit, in connection with a €1 billion financing of EP Energy, a.s. (EPE), subsidiary of Energeticky a prumyslovy holding, a.s., and the largest Czech private energy group with activities in Czech Republic, Slovakia, Germany and Poland. The transaction was the first pari passu bank/bond deal in the Czech Republic.

Goldman Sachs, UniCredit and Raiffeisen, 2009–2012

Representation of GS as mandated lead arrangers in connection with the first two successful, Western-sponsored acquisition financings in Russia, the US$400 million financing of the leveraged buy-out of a Russian juice manufacturer, Nidan Soki OAO, and the US$315 million financing of the leveraged buy-out of Russian Standard, each by Lion Capital. The financings comprised senior, second lien, mezzanine and PIK facilities. The transactions were the first of their kind closed in Russia and received widespread press attention. Following the initial mandate, Jonathan represented UniCredit and Raiffeisen as agents and security agents in the continuing deals.

Polish banks consortium, 2009

Representation of a consortium of Polish banks providing secured PLN 225 million financing of a Polish corporate under English law and on LMA-based terms.

The Czech Government, 2009

Representation of the Czech Government in connection with a sovereign-to-sovereign loan transaction.

Speaking Engagements

"Heads of Emerging Markets Loans", November 22–23, 2011: Euromoney 8th Annual Syndicated Loans CEE Conference, 2011,
Vienna
, leader of the opening panel discussion

"Funding in the Changed Environment – Key Legal Issues", April 22–23, 2009: Euromoney 3rd Annual Acquisition & Leveraged Finance CEE Conference,
Prague
, speaker

Awards & Recognition

Leading Lawyer: Banking & Finance - Czech Republic, Chambers Global 2014, Chambers Europe 2014, IFLR 1000 2014, The Legal 500 EMEA 2014

Leading Lawyer: Banking & Finance - Central & Eastern Europe, Chambers Global 2014