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 debt 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 debt 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.
Representation of global investor PPF Group on the financing of its acquisition of Telenor’s telecommunications assets in Central & Eastern Europe for €2.8 billion on an enterprise value basis.
Representation of senior creditors of Agrokor in the restructuring of its €6 billion indebtedness through extraordinary administration proceedings.
Representation of PPF in connection with the financing of its fully funded bid for the assets and business in Central and Eastern Europe (particularly in the Czech Republic, Slovakia, Poland, Hungary and Romania) owned by Anheuser-Busch InBev SA/NV. The auction resulted in the transaction value of €7.3 bln.
PointPark Properties (P3)
Representation of the TPG Capital and Ivanhoe Cambridge portfolio company PointPark Properties (P3), owner, developer and manager of European logistics properties, in the €523 million purchase of a 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 EUR 379,775,000 in refinancing and development facilities provided by a club of banks arranged by Ceskoslovenska obchodni banka, Komercni Banka and Ceska sporitelna. The terms of the financing include classic LBO-market borrower protection, a first for a Czech real estate financing deal.
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 EUR 2.288 billion, covering part of the acquisition price and the consideration paid in the subsequent mandatory takeover. The 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
Representation of VTB Capital plc bank and Corporate Commercial Bank AD, as 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.
VTB Capital Plc
Representation of VTB Capital Plc, acting in its capacity as the bridge security agent, in connection with the restructuring of the indebtedness of InterV Investment Sarl, a holding company of Bulgarian Telecommunication Company, the largest fixed and mobile line operator in Bulgaria.
Representation of Elicio NV, in relation to a financing of the construction, equipping and placing into operation of, and commencement of electric transmission from, 42 MW wind energy power plant located in Alibunar (Serbia).
"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
Leading Lawyer: Banking & Finance - Czech Republic, Chambers Global 2019, Chambers Europe 2019, IFLR 1000 2019, The Legal 500 EMEA 2019
Leading Lawyer: Banking & Finance - Central & Eastern Europe, Chambers Global 2019