Date of dispatch of this notice: 17/10/2016
External Reference: 2016-130924
TED Reference: 2016/S 202-365367
Contract award notice
Information
Published
Contract award notice
Cached Version
Contract award notice
Results of the procurement procedure
Directive 2014/24/EU
Section I: Contracting authority
I.1)
Name and addresses
National Treasury Management Agency (NTMA)
N/A
Treasury Building, Grand Canal Street
Dublin
2
IE
Contact person:
Procurement Unit
Telephone:
+353 16640800
E-mail:
procurement@ntma.ie
NUTS code:
IE -
IRELAND
Main address:
http://www.ntma.ie
Address of the buyer profile:
http://irl.eu-supply.com/ctm/Supplier/CompanyInformation/Index/1163
I.4)
Type of the contracting authority
Body governed by public law
I.5)
Main activity
Other activity:
Funding and Debt Management
Section II: Object
II.1)
Scope of the procurement
II.1.1)
Title
Contract Award for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF)
II.1.2)
Main CPV code
66140000
-
Portfolio management services
II.1.3)
Type of contract
Services
II.1.4)
Short description
The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF). Please see the contract award notice attached to this notice for details of the firms appointed in respect of lots 1 and 2.
II.1.6)
Information about lots
This contract is divided into lots:
yes
II.1.7)
Total value of the procurement
Value excluding VAT:
56800000.00
EUR
II.2)
Description
II.2.1)
Title
Lot No:
1
II.2.2)
Additional CPV code(s)
66131100
-
Pension investment services
66140000
-
Portfolio management services
66141000
-
Pension fund management services
II.2.3)
Place of performance
NUTS code:
IE -
IRELAND
II.2.4)
Description of the procurement
The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF) in respect of Lot 1.
II.2.5)
Award criteria
Criteria below
Quality criterion
-
Name:
Personnel
/
Weighting:
10
Quality criterion
-
Name:
Investment Strategy
/
Weighting:
35
Quality criterion
-
Name:
Advisor Role
/
Weighting:
27
Quality criterion
-
Name:
Investment & Operational Processes
/
Weighting:
20
Cost criterion
-
Name:
Fees
/
Weighting:
8
II.2.11)
Information about options
Options:
no
II.2.13)
Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
no
II.2.14)
Additional information
Fees payable under each contract are linked to the performance of the investment, and therefore the amounts stated in this notice are approximate only.
II.2)
Description
II.2.1)
Title
Lot No:
2
II.2.2)
Additional CPV code(s)
66131100
-
Pension investment services
66140000
-
Portfolio management services
66141000
-
Pension fund management services
II.2.3)
Place of performance
NUTS code:
IE -
IRELAND
II.2.4)
Description of the procurement
The National Treasury Management Agency (NTMA) sought proposals for the provision of Global Portfolio Transition Strategy and Management services to the NTMA as controller and manager of the Ireland Strategic Investment Fund (ISIF) in respect of Lot 2.
II.2.5)
Award criteria
Criteria below
Quality criterion
-
Name:
Personnel
/
Weighting:
15
Quality criterion
-
Name:
Investment Strategy
/
Weighting:
45
Quality criterion
-
Name:
Investment & Operational Processes
/
Weighting:
20
Quality criterion
-
Name:
Historical Performance
/
Weighting:
10
Cost criterion
-
Name:
Fees
/
Weighting:
10
II.2.11)
Information about options
Options:
no
II.2.13)
Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
no
II.2.14)
Additional information
Fees payable under each contract are linked to the performance of the investment, and therefore the amounts stated in this notice are approximate only.
Section IV: Procedure
IV.1)
Description
IV.1.1)
Type of procedure
Open procedure
IV.1.8)
Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: yes
IV.2)
Administrative information
IV.2.1)
Previous publication concerning this procedure
Notice number in the OJ S: 2015/S 139-256778
Section V: Award of contract
Lot No: 1
V.2)
Award of contract
V.2.1)
Date of conclusion of the contract
08/07/2016
V.2.2)
Information about tenders
Number of tenders received:
13
The contract has been awarded to a group of economic operators
:
yesV.2.3)
Name and address of the contractor
Goldman Sachs Asset Management
River Court, 120 Fleet Street
London
EC4A 2BE
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
JP Morgan Asset Management
JP Morgan House, IFSC
Dublin
1
IE
NUTS code:
IE -
IRELAND
The contractor is an SME : no
Irish Life Investment Managers
Beresford Court, Beresford Place
Dublin
1
IE
NUTS code:
IE -
IRELAND
The contractor is an SME : no
V.2.4)
Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
38800000.00
EUR
Section V: Award of contract
Lot No: 2
V.2)
Award of contract
V.2.1)
Date of conclusion of the contract
25/07/2016
V.2.2)
Information about tenders
Number of tenders received:
77
The contract has been awarded to a group of economic operators
:
yesV.2.3)
Name and address of the contractor
Amundi
41 Lothbury
London
EC2R 7HF
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
AQR Capital Management Europe LLP
Charles House, 5-11 Regent Street
London
SW1Y 4LR
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
Blackrock Investment Management
12 Throgmorton Avenue
London
EC2N 2DL
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
Muzinich & Co.
8 Hanover Street
London
W1S 1YQ
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
The Blackstone Group
40 Berkeley Square
London
W1J 5AL
UK
NUTS code:
UK -
UNITED KINGDOM
The contractor is an SME : no
V.2.4)
Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
18000000.00
EUR
Section VI: Complementary information
VI.3)
Additional information
Separate contracts were awarded to each firm named in V.2.3. The individual contract award dates per firm are as follows:
LOT 1: Goldman Sachs Asset Management - 24th May 2016, JP Morgan Asset Management - 8th July 2016, Irish Life Investment Managers - 26th May 2016.
LOT 2: Amundi - 19th January 2016, AQR Capital Management Europe LLP - 25th July 2016, Blackrock Investment Management - 25th May 2016, Muzinich & Co. - 7th January 2016, The Blackstone Group - 27th June 2016.
LOT 1: Goldman Sachs Asset Management - 24th May 2016, JP Morgan Asset Management - 8th July 2016, Irish Life Investment Managers - 26th May 2016.
LOT 2: Amundi - 19th January 2016, AQR Capital Management Europe LLP - 25th July 2016, Blackrock Investment Management - 25th May 2016, Muzinich & Co. - 7th January 2016, The Blackstone Group - 27th June 2016.
VI.4)
Procedures for review
VI.4.1)
Review body
High Court of Ireland
Four Courts, Inns Quay
Dublin
7
IE
E-mail:
highcourtcentraloffice@courts.ie
Internet address:
http://www.courts.ie
VI.5)
Date of dispatch of this notice
17/10/2016