Department of Finance Financial Services Panel

Department of Finance

The Department of Finance has issued this invitation to tender (โ€œITTโ€) for the provision of:
(i) capital markets, strategic, M and A and restructuring advice;
(ii) general financial advice; and
(iii) capital markets distribution services to the Department of Finance.
The Department may require advice in connection with the Stateโ€™s various investments in the banking sector, interests in the financial services industry in general, and in the carrying out of the Department of Financeโ€™s functions.
It is anticipated that a large part of the scope of services in each Lot will relate to the Ministerโ€™s shareholdings in AIB, Bank of Ireland and Permanent TSB. The Department may also on occasion require financial advice in other areas within its remit.

Deadline

The time limit for receipt of tenders was 2018-08-07. The procurement was published on 2018-07-03.

Suppliers

The following suppliers are mentioned in award decisions or other procurement documents:

Who? What? Where?
Procurement history
Date Document
2018-07-03 Contract notice
2018-10-11 Contract award notice
Contract notice (2018-07-03)
Object
Scope of the procurement
Title: Financial consultancy services
Reference number: FSA-9-2018
Short description:
โ€œThe Department of Finance has issued this invitation to tender (โ€œITTโ€) for the provision of: (i) capital markets, strategic, M and A and restructuring...โ€    Show more
Notice metadata
Original language: English ๐Ÿ—ฃ๏ธ
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Financial consultancy services ๐Ÿ“ฆ
Additional CPV: Banking and investment services ๐Ÿ“ฆ
Place of performance
NUTS region: Dublin ๐Ÿ™๏ธ

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland ๐Ÿ‡ฎ๐Ÿ‡ช
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Finance
Postal address: Government Buildings, Upper Merrion Street
Postal code: D02 R583
Postal town: Dublin
Contact
Internet address: http://www.finance.gov.ie ๐ŸŒ
E-mail: paul.caball@finance.gov.ie ๐Ÿ“ง
Phone: +353 16045008 ๐Ÿ“ž
URL for documents: https://irl.eu-supply.com/login.asp?B=ETENDERS_SIMPLE ๐ŸŒ
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=131675&B=ETENDERS_SIMPLE ๐ŸŒ

Reference
Dates
Date dispatched: 2018-07-03 ๐Ÿ“…
Submission deadline: 2018-08-07 ๐Ÿ“…
Publication date: 2018-07-05 ๐Ÿ“…
Identifiers
Notice number: 2018/S 127-289576
OJ-S issue: 127

Object
Scope of the procurement
Short description:
โ€œThe Department of Finance has issued this invitation to tender (โ€œITTโ€) for the provision of:โ€

โ€œ(i) capital markets, strategic, M and A and restructuring advice;โ€
Show more (4)
โ€œ(ii) general financial advice; andโ€

โ€œ(iii) capital markets distribution services to the Department of Finance.โ€

โ€œThe Department may require advice in connection with the Stateโ€™s various investments in the banking sector, interests in the financial services industry in...โ€    Show more

โ€œIt is anticipated that a large part of the scope of services in each Lot will relate to the Ministerโ€™s shareholdings in AIB, Bank of Ireland and Permanent...โ€    Show more
Estimated total value: 144 001 EUR ๐Ÿ’ฐ
Title of the lot: Capital Markets, Strategic, M&A and Restructuring Advice
Lot number: 1
Short description:
โ€œCapital Markets, Strategic, M and A and Restructuring Adviceโ€
Estimated value excluding VAT: 144 001 EUR ๐Ÿ’ฐ
Duration: 36 months
Description of renewals:
โ€œThe General Agreement is anticipated to operate for a duration of three (3) years and will be subject to annual review. Such duration may be extended to...โ€    Show more
Title of the lot: General Financial Advice
Lot number: 2
Short description:
โ€œGeneral Financial Advice:โ€

โ€œLot 2 is divided into 7 sublots and tenderers should indicate which sublots they wish to be considered for. Tenderers must also confirm that they have...โ€    Show more
Show more (7)
โ€œ2.1) Provision of Accounting and Tax advice,โ€

โ€œ2.2) Provision of Strategic advice,โ€

โ€œ2.3) Provision of Valuation advice,โ€

โ€œ2.4) Provision of Restructuring advice,โ€

โ€œ2.5) Provision of Remuneration advice,โ€

โ€œ2.6) Provision of Governance and Risk advice,โ€

โ€œ2.7) Provision..โ€
Title of the lot: Capital Markets Distribution Services
Lot number: 3
Short description:
โ€œCapital Markets Distribution Servicesโ€
Place of performance
Main site or place of performance:
โ€œMiesian Plaza, 51-58 Lower Baggot Street, D2โ€

Legal, economic, financial and technical information
Conditions for participation
Suitability to pursue the professional activity:
โ€œ1) Minimum Turnover;โ€

โ€œ2) Minimum Insurance;โ€
Show more (1)
โ€œ3) Capability to Perform.โ€

Procedure
Legal basis: 32014L0024
Number of participants to be contemplated: 64
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English ๐Ÿ—ฃ๏ธ
Tender validity period: 2019-02-07 ๐Ÿ“…
Tender opening date: 2018-08-07 ๐Ÿ“…
Tender opening time: 17:00

Contracting authority
Contact
Contact point: Paul Caball
Internet address: www.finance.gov.ie ๐ŸŒ
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/310 ๐ŸŒ
Documents URL: https://irl.eu-supply.com/login.asp?B=ETENDERS_SIMPLE ๐ŸŒ

Complementary information
Review body
Name: Department of Finance
Postal address: Government Buildings, Merrion Row
Postal town: Dublin
Postal code: D02R583
Country: Ireland ๐Ÿ‡ฎ๐Ÿ‡ช
Phone: +353 16045008 ๐Ÿ“ž
E-mail: paul.caball@finance.gov.ie ๐Ÿ“ง
Source: OJS 2018/S 127-289576 (2018-07-03)
Contract award notice (2018-10-11)
Object
Scope of the procurement
Short description:
โ€œThe Department of Finance has issued this Invitation to Tender (โ€œITTโ€) for the provision of: (i) capital markets, strategic, M and A and restructuring...โ€    Show more
Total value of the procurement: 1 EUR ๐Ÿ’ฐ
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Contracting authority
Identity
Postal code: D02R583

Reference
Dates
Date dispatched: 2018-10-11 ๐Ÿ“…
Publication date: 2018-10-16 ๐Ÿ“…
Identifiers
Notice number: 2018/S 199-452129
Refers to notice: 2018/S 127-289576
OJ-S issue: 199

Object
Scope of the procurement
Short description:
โ€œThe Department of Finance has issued this Invitation to Tender (โ€œITTโ€) for the provision of:โ€

โ€œThe Department may require advice in connection with the stateโ€™s various investments in the banking sector, interests in the financial services industry in...โ€    Show more
Title of the lot: Capital Markets, Strategic, M and A and Restructuring Advice
Short description:
โ€œLot 2 is divided into 7 sub-lots and tenderers should indicate which sub-lots they wish to be considered for. Tenderers must also confirm that they have...โ€    Show more

โ€œ2.1) Provision of Accounting and Tax Adviceโ€
Show more (7)
โ€œ2.2) Provision of Strategic Adviceโ€

โ€œ2.3) Provision of Valuation Adviceโ€

โ€œ2.4) Provision of Restructuring Adviceโ€

โ€œ2.5) Provision of Remuneration Adviceโ€

โ€œ2.6) Provision of Governance and Risk Adviceโ€

โ€œ2.7) Provisionโ€

โ€œCapital markets distribution services.โ€

Procedure
Award criteria
Quality criterion (name): Quality of offering
Quality criterion (weighting): 25 %
Quality criterion (name): Quality of team
Quality criterion (weighting): 20 %
Quality criterion (name): Strength of resources
Quality criterion (weighting): 15 %
Quality criterion (name): Understanding of Irish Banks and Department of Finance Priorities
Price (weighting): 20 %
Quality criterion (name): Quality of Offering
Quality criterion (weighting): 35 %
Quality criterion (name): Quality of Team
Quality criterion (weighting): 30 %
Quality criterion (name): Strength of Resources
Strength of equity capital markets franchise
Quality of team and strength of resources
Understanding of Irish banks and Department of Finance priorities

Award of contract
Date of contract conclusion: 2018-10-02 ๐Ÿ“…
Name: Bank of America Merrill Lynch
National registration number: Tbc
Postal address: 2 King Edward Street
Postal town: London
Postal code: London
Country: United Kingdom ๐Ÿ‡ฌ๐Ÿ‡ง
Phone: +44 2079952337 ๐Ÿ“ž
E-mail: arif.vohra@baml.com ๐Ÿ“ง
Country: Camden and City of London ๐Ÿ™๏ธ
Internet address: http://corp.bankofamerica.com ๐ŸŒ
Total value of the procurement: 1 EUR ๐Ÿ’ฐ
Name: BNP Paribas SA
National registration number: FR76662042449
Postal address: 16 boulevard des Italiens
Postal town: Paris
Postal code: 75009
Country: France ๐Ÿ‡ซ๐Ÿ‡ท
E-mail: alexandra.basirov@bnpparibas.com ๐Ÿ“ง
Country: Paris ๐Ÿ™๏ธ
Internet address: http://https://invest.bnpparibas.com/en ๐ŸŒ
Name: Citi
National registration number: 4871126S
Postal address: 1 Nth Wall Quay
Postal town: Dublin
Postal code: Dublin
Country: Ireland ๐Ÿ‡ฎ๐Ÿ‡ช
Phone: +353 16226014 ๐Ÿ“ž
E-mail: barry.clifford@citi.com ๐Ÿ“ง
Country: Dublin ๐Ÿ™๏ธ
Name: Credit Suisse Securities (Europe) Ltd
National registration number: GB 447073741
Postal address: One Cabot Square
Postal code: London E14 4QJ
E-mail: nick.koemtzopoulos@credit-suisse.com ๐Ÿ“ง
Internet address: http://https://www.credit-suisse.com/ ๐ŸŒ
Name: Deutsche Bank AG, London Branch
National registration number: GB243609761
Postal address: 1 Great Winchester Street
Postal code: EC2N 2DB
E-mail: sandeep-r.goel@db.com ๐Ÿ“ง
Name: Goldman Sachs
Postal address: Hardwicke House
Postal code: Hatch Street
Phone: +353 872315810 ๐Ÿ“ž
E-mail: hugo.macneill@gs.com ๐Ÿ“ง
Name: JP Morgan Securities Plc
National registration number: GB 397 2498 93.
Postal address: 25 Bank Street
Postal code: E145JP
Phone: +44 2071346222 ๐Ÿ“ž
E-mail: rajesh.n.iyer@jpmorgancazenove.com ๐Ÿ“ง
Name: NM Rothschild and Sons Ltd
National registration number: GB 244 0066 96
Postal address: New Court, St Swithins Lane
Postal code: EC4N 8AL
E-mail: nicola.king@rothschild.com ๐Ÿ“ง
Name: UBS Ltd
Postal address: 1 Finsbury Avenue, London, EC2M 2PP
Postal code: Greater London
Phone: +44 2075675641 ๐Ÿ“ž
E-mail: benjamin.crystal@ubs.com ๐Ÿ“ง
Internet address: http://www.ubs.com ๐ŸŒ
Name: BlackRock Investment Management (UK) Ltd
National registration number: 961/JZ93652
Postal address: 12 Throgmorton Avenue
Postal code: EC2N2DL
E-mail: adele.spillane@blackrock.com ๐Ÿ“ง
Name: EisnerAmperMKO Ltd
National registration number: IE9672158Q
Postal address: 6 The Courtyard Building, Carmanhall Road
Postal town: Sandyford
Postal code: Dublin 18
E-mail: brian.hillery@eisneramper.ie ๐Ÿ“ง
Name: Ernst and Young
National registration number: IE 4554695L
Postal address: Harcourt Centre, Harcourt Street
Phone: +353 2211284 ๐Ÿ“ž
E-mail: eytendersirl@ie.ey.com ๐Ÿ“ง
Internet address: http://www.ey.com ๐ŸŒ
Name: Kpmg
National registration number: N/a
Postal address: Stokes Place
Postal code: St. Stephen's Green
Phone: +353 14101000 ๐Ÿ“ž
E-mail: iefmdublincftenders@kpmg.ie ๐Ÿ“ง
Name: Mercer (Ireland) Ltd
National registration number: 0837946H
Postal address: Charlotte House
Postal code: Charlemont Street
Phone: +353 14118439 ๐Ÿ“ž
E-mail: roseanna.roche@mercer.com ๐Ÿ“ง
Internet address: http://www.mercer.ie ๐ŸŒ
Name: Promontory Financial Group
Postal address: 280 Park Avenue, 40th Floor West
Postal town: New York
Postal code: New York
Country: United States ๐Ÿ‡บ๐Ÿ‡ธ
Phone: +1 2123656581 ๐Ÿ“ž
E-mail: emccaul@promontory.com ๐Ÿ“ง
Country: 00 ๐Ÿ™๏ธ
Name: PwC
National registration number: IE9526897O
Postal address: One Spencer Dock, North Wall Quay, Dublin 1
Phone: +353 17926416 ๐Ÿ“ž
E-mail: florence.curley@ie.pwc.com ๐Ÿ“ง
Internet address: http://www.pwc.com/ie ๐ŸŒ
Name: Davy Corporate Finance
Postal address: Davy House, 49 Dawson Street
Phone: +353 16796363 ๐Ÿ“ž
E-mail: fergal.meegan@davy.ie ๐Ÿ“ง
Name: Goodbody Stockbrokers
National registration number: 4690101S
Postal address: Ballsbridge Park
Postal town: Dublin 4
Postal code: Ballsbridge
Phone: +353 16416071 ๐Ÿ“ž
E-mail: linda.p.clarke@goodbody.ie ๐Ÿ“ง
Internet address: http://www.goodbody.ie ๐ŸŒ
Name: HSBC Bank Plc
National registration number: GB 365 684 514
Postal address: 8 Canada Square
Phone: +44 2079922855 ๐Ÿ“ž
E-mail: himesh.patel@hsbc.com ๐Ÿ“ง
Name: Morgan Stanley and Co. International Plc
National registration number: 524252668
Postal address: 25 Cabot Square, Canary Wharf
Postal code: E14 4QA
E-mail: marina.shchukina@morganstanley.com ๐Ÿ“ง
Information about tenders
Number of tenders received: 11
13
12
Source: OJS 2018/S 199-452129 (2018-10-11)