Debevoise & Plimpton LLP has been named Banking and Finance Team of the Year in the 2020 British Legal Awards.

The annual awards celebrate the key achievements of the UK’s legal industry over the last twelve months, and are judged by an independent panel of industry experts.

Debevoise won the Banking and Finance Team of the Year category as a result of it’s work on a market defining fund finance facility. The team advised a flagship private equity fund managed by EQT in a subscription facility incorporating innovative environmental, social and governance mechanics, which impact the margin payable to the lenders. At a size of more than €2.3 billion (with an upper limit of €5 billion), it was the first ESG-linked subscription facility of its size across the global fund finance markets.

Debevoise’s fund finance practice is ranked in Tier 1 by Legal 500 UK, and represents borrowers and lenders around the globe in all types of fund financing transactions, working closely with the firm’s fund formation, tax, and regulatory colleagues to structure facilities that align with the borrowers’ fund documents and investment objectives.

The firm was also shortlisted in the Litigation & Dispute Resolution Team of the Year and Private Equity Team of the Year categories of the awards, for it’s work with AIG and PAI respectively.