Department of Finance Financial Panel ITT

Department of Finance

To assist in the performance of the Minister for Financeโ€™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 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.

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? What? Where?
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:
โ€œTo assist in the performance of the Minister for Financeโ€™s functions, the Department of Finance has issued this invitation to tender for the establishment...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: Investment banking services and related services ๐Ÿ“ฆ
Additional CPV: Financial and insurance services ๐Ÿ“ฆ
Place of performance
NUTS region: ร‰ire/Ireland ๐Ÿ™๏ธ
Ireland 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: Block A, Miesian Plaza, Baggot Street
Postal code: eire
Postal town: Dublin 2
Contact
Internet address: http://www.finance.gov.ie ๐ŸŒ
E-mail: david.tuohy@finance.gov.ie ๐Ÿ“ง
Phone: +353 16045343 ๐Ÿ“ž
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE ๐ŸŒ
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE ๐ŸŒ

Reference
Dates
Date dispatched: 2022-07-14 ๐Ÿ“…
Submission deadline: 2022-08-17 ๐Ÿ“…
Publication date: 2022-07-19 ๐Ÿ“…
Identifiers
Notice number: 2022/S 137-392191
OJ-S issue: 137

Object
Scope of the procurement
Estimated total value: 2 250 000 EUR ๐Ÿ’ฐ
Title of the lot: Capital Markets, Strategic, M&A Advice
Lot number: 1
Short description:
โ€œAssist 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...โ€    Show more

โ€œIn the context of formulation of the Department of Financeโ€™s privatisation strategy, executing strategic transaction(s) and general policy making with...โ€    Show more
Show more (1)
โ€œThis role may also include, but is not limited to, strategic and corporate finance advisory (e.g. industry expertise, mergers and acquisitions, valuation,...โ€    Show more
Duration: 36 months
Description of renewals:
โ€œAnnual renewalโ€
Title of the lot: General Financial Advice
Lot number: 2
Short description:
โ€œProvide general advice to meet the future needs of the Department of Finance relating to proposals/new developments, due diligence, modelling or analysis in...โ€    Show more
Title of the lot: Capital Markets Distribution Services
Lot number: 3
Short description:
โ€œBookrunner(s) to participate in the sale and distribution of securities (inter alia shares and equity linked structured products) including by way of a...โ€    Show more
Place of performance
Main site or place of performance:
โ€œBaggot Street, Dublin 2โ€

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 11:00
Languages in which tenders or requests to participate may be submitted: English ๐Ÿ—ฃ๏ธ
Tender opening date: 2022-08-17 ๐Ÿ“…
Tender opening time: 11:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: David Tuohy
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: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=218901&B=ETENDERS_SIMPLE ๐ŸŒ

Complementary information
Review body
Name: David Tuohy
Postal address: Block 1, Miesian Plaza, Baggot Street
Postal town: Dublin 2
Country: Ireland ๐Ÿ‡ฎ๐Ÿ‡ช
Phone: +353 16045343 ๐Ÿ“ž
E-mail: david.tuohy@finance.gov.ie ๐Ÿ“ง
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 ๐Ÿ’ฐ
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Reference
Dates
Date dispatched: 2022-10-18 ๐Ÿ“…
Publication date: 2022-10-21 ๐Ÿ“…
Identifiers
Notice number: 2022/S 204-581854
Refers to notice: 2022/S 137-392191
OJ-S issue: 204
Additional information

โ€œThe 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...โ€    Show more

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 ๐Ÿ“…
Name: Bank of America BNP Paribas Citi Davy Deutsche Bank Goldman Sachs Goodbody JP Morgan Morgan Stanley Rothschild
Postal town: London
Country: United Kingdom ๐Ÿ‡ฌ๐Ÿ‡ง
London ๐Ÿ™๏ธ
Total value of the procurement: 2 250 000 EUR ๐Ÿ’ฐ
Name: EisnerAmper Goodbody KPMG PWC
Postal town: Dublin
Country: Ireland ๐Ÿ‡ฎ๐Ÿ‡ช
Ireland ๐Ÿ™๏ธ
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

โ€œThe 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...โ€    Show more

โ€œAs 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...โ€    Show more
Show more (1)
โ€œWhile 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...โ€    Show more
Source: OJS 2022/S 204-581854 (2022-10-18)