Department of Finance Financial Panel ITT

Department of Finance

To assist in the performance of the Minister for Finance’s functions, the Department of Finance has issued this invitation to tender for the establishment of a framework for the provision of: (i) capital markets, strategic, M&A 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 State’s various investments in the banking sector, interests in the financial services industry in general, and in the carrying out of the Department of Finance’s functions.

Deadline

The time limit for receipt of tenders was 2022-08-17. The procurement was published on 2022-07-14.

Suppliers

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

Who?

• Department of Finance

What?

Where?

• Éire/Ireland › Ireland

Procurement history

Date	Document
2022-07-14	Contract notice
2022-10-18	Contract award notice

Contract notice (2022-07-14)
Object
Scope of the procurement
Title: Investment banking services and related services
Short description:

Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Investment banking services and related services 📦
Additional CPV: Financial and insurance services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️
Ireland 🏙️

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

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Finance
Postal address: Block A, Miesian Plaza, Baggot Street
Postal code: eire
Postal town: Dublin 2
Contact
Internet address: http://www.finance.gov.ie 🌏
E-mail: david.tuohy@finance.gov.ie 📧
Phone: +353 16045343 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-07-14 📅
Submission deadline: 2022-08-17 📅
Publication date: 2022-07-19 📅
Identifiers
Notice number: 2022/S 137-392191
OJ-S issue: 137

Object
Scope of the procurement
Estimated total value: 2 250 000 EUR 💰
Title of the lot: Capital Markets, Strategic, M&A Advice
Lot number: 1
Short description:

Assist in the structuring and execution of a sale process to ensure the State achieves optimal execution in the context of a sale of securities by firms appointed under Lot 3, including shares and equity linked products, and including formulation of trading plans.

In the context of formulation of the Department of Finance’s privatisation strategy, executing strategic transaction(s) and general policy making with regard to the banking sector.

This role may also include, but is not limited to, strategic and corporate finance advisory (e.g. industry expertise, mergers and acquisitions, valuation, transaction structuring, capital management and capital structure advisory).

Duration: 36 months
Description of renewals: Annual renewal
Title of the lot: General Financial Advice
Lot number: 2
Short description:

Provide general advice to meet the future needs of the Department of Finance relating to proposals/new developments, due diligence, modelling or analysis in the financial services and other sectors. Engagements may include, but are not limited to, accounting, taxation, strategic, valuation, restructuring, remuneration, governance, regulation, compliance, and risk.

Title of the lot: Capital Markets Distribution Services
Lot number: 3
Short description:

Bookrunner(s) to participate in the sale and distribution of securities (inter alia shares and equity linked structured products) including by way of a trading plan. The Department of Finance reserves the right to appoint one or more Bookrunners as Global Co-ordinators at the time of a transaction if required.

Place of performance
Main site or place of performance: Baggot Street, Dublin 2

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 11:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender opening date: 2022-08-17 📅
Tender opening time: 11:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: David Tuohy
Internet address: www.finance.gov.ie 🌏
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/310 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE 🌏

Complementary information
Review body
Name: David Tuohy
Postal address: Block 1, Miesian Plaza, Baggot Street
Postal town: Dublin 2
Country: Ireland 🇮🇪
Phone: +353 16045343 📞
E-mail: david.tuohy@finance.gov.ie 📧
Source: OJS 2022/S 137-392191 (2022-07-14)

Contract award notice (2022-10-18)
Object
Scope of the procurement
Total value of the procurement: 2 250 000 EUR 💰
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Reference
Dates
Date dispatched: 2022-10-18 📅
Publication date: 2022-10-21 📅
Identifiers
Notice number: 2022/S 204-581854
Refers to notice: 2022/S 137-392191
OJ-S issue: 204
Additional information

The expected value of the contract is difficult to quantify given that the contract is a framework and the quantum of services to be drawn down is not capable of being known. I used the total value of the contracts awarded under the previous framework. As the form does not appear to allow the inclusion of the names of number of different successful tenderers, I listed all successful tenderers in one box under each lot. While the above is not entirely satisfactory, the form does not appear to be designed for frameworks where services to be delivered are unknown and the basis for charging same are also not known (in that there may be no mini-competitions or the rates charged may differ from those set out in tenders).

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 (weighting): 35%
30%
Quality criterion (name): Strength of equity capital markets franchise
Quality of team and Strength of Resources

Award of contract
Date of contract conclusion: 2022-10-02 📅
Name: Bank of America BNP Paribas Citi Davy Deutsche Bank Goldman Sachs Goodbody JP Morgan Morgan Stanley Rothschild
Postal town: London
Country: United Kingdom 🇬🇧
London 🏙️
Total value of the procurement: 2 250 000 EUR 💰
Name: EisnerAmper Goodbody KPMG PWC
Postal town: Dublin
Country: Ireland 🇮🇪
Ireland 🏙️
Name: Bank of America BNP Paribas Citi Davy Deutsche Bank Goldman Sachs Goodbody JP Morgan Morgan Stanley
Information about tenders
Number of tenders received: 10
5
9

Reference
Additional information

As the form does not appear to allow the inclusion of the names of number of different successful tenderers, I listed all successful tenderers in one box under each lot.

While the above is not entirely satisfactory, the form does not appear to be designed for frameworks where services to be delivered are unknown and the basis for charging same are also not known (in that there may be no mini-competitions or the rates charged may differ from those set out in tenders).

Source: OJS 2022/S 204-581854 (2022-10-18)

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