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. Mr. Warna-kula-suriya 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. Mr. Warna-kula-suriya 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.

Mr. Warna-kula-suriya 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.

Mr. Warna-kula-suriya’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

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