REVISED TENDER FOR CORPORATE FINANCE FRAMEWORK

Concepts

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

Location

North East England:

Description

North East Finance is inviting corporate finance firms and practitioners to tender for appointment to a panel, to provide a corporate finance advisory service. Panel members will provide transactional support on the realisation of the remaining Finance for Business North East portfolio, as well as a small number of investments held by other group companies. The work may also include valuations, sector research and/or sell-side mandates. Full details are given in the Invitation to Tender. Closing date is Monday 15 May 2023. However, interested parties are asked to register their interest before 24 April by emailing james.arkless@nmea2f.co.uk.

Total Quantity or Scope

We are inviting tenders from corporate finance firms and practitioners that are either FCA registered or hold appropriate FCA authorisation and/or are designated professional bodies, for appointment to a panel, 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 option to extend to four years. The Invitation to Tender gives full details of the information to be provided and of the evaluation process & criteria. Bidders will need to demonstrate expertise including: - 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 - the 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.

CPV Codes

• 66140000 - Portfolio management services

Indicators

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

Other Information

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