The deal, which was completed in July 2017, saw the European financial services private equity firm raise €325m. through a bond issue of senior secured floating rate notes due for repayment in 2024.

The Carey Olsen team was led by partner Ben Morgan, assisted by senior associate Emma Penney.

“We are thrilled to have played a key role in a transformative deal that has won an International Financial Law Review award,” Mr Morgan said.

“We pride ourselves on being the clear industry leader for finance work in Guernsey and this broader market recognition further underlines our strength and capability to work on innovative and complex cross-border work.”

AnaCap has been a long-standing client of Carey Olsen, having been advised by the offshore law firm on the launch of all three of its flagship funds.

The 2018 IFLR Europe Awards took place on the evening of April 19 at the Savoy Hotel in London.