TENDER FOR CORPORATE FINANCE ADVISORY FRAMEWORK

Concepts

• north east finance
• gateshead
• portfolio management
• nerif
• finance for business north east fund
• corporate finance firms
• corporate finance
• advisory support
• corporate finance advisory framework
• realisation of the remaining portfolio of the finance

Location

North East England:

Description

North East Finance is inviting tenders from FCA registered corporate finance firms for appointment to a panel of firms, to provide corporate finance advisory support to us on the realisation of the remaining portfolio of the Finance for Business North East Fund, as well as a small number of older investments held in other group companies. Advice will be sought from panel firms on particular transactions. This may include valuation work and/or undertaking sector research as well as sell-side mandates and transactional support. Full details are given in the Invitation to Tender. Closing date is 4 May 2023. However, interested parties are asked to register their interest as soon as possible by emailing james.arkless@nea2f.co.uk.

Total Quantity or Scope

We are inviting tenders from FCA registered corporate finance firms for appointment to a panel of firms, to provide corporate finance advisory support to the executive team and to assist us in realising the remaining assets in our investment portfolios. This will include providing support and advice on equity exits and other transactions across the portfolio of North East Finance and its subsidiaries as well as group company The North East Regional Investment Fund Partner Limited (NERIF), acting for North East Finance or NERIF as investors. Services required may include some or all of the following:  advice on valuations/ benchmarking of valuations, and support and general advice on specific transactions (daily/ hourly rate)  sector or company specific research (daily/hourly rate)  sell-side mandates (fixed fee for initial engagement + success fee on completion)  attendance at meetings of our investment sub-committee as required (daily/hourly rate). We will allocate each project or transaction at our sole discretion to whichever member of the panel we consider best suited. The decision will be based on: (a) value for money, given the size and nature of the transaction; (b) any actual or potential conflict of interest that might arise; and (b) any relevant specialist expertise or sector knowledge appropriate to the particular transaction. The framework panel will be appointed for a period of three years from July 2023, with the possibility of extending to four years. The Invitation to Tender gives full details of the information to be provided and of the evaluation process and criteria. Expertise that bidders will need to demonstrate includes:  corporate finance experience with a focus on early stage private equity and venture capital, and an understanding of relevant regulatory issues;  investment transactions, asset sales/ exits from equity holdings in SMEs, follow-on investments and re-financing of portfolio businesses;  valuation of businesses, particularly start-up, early stage and growth SMEs with an emphasis on technology businesses; and  ability to develop creative corporate finance solutions.

Renewal Options

Initial contract will be for 3 years from July 2023, with the possibility of extending by a further 12 months by mutual agreement.

Award Criteria

CPV Codes

• 66140000 - Portfolio management services

Indicators

• This is a one-off contract (no recurrence)
• Options are available.
• Renewals are available.
• Professional qualifications are sought.
• Staff qualifications are relevant.

Legal Justification

N/A

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **