Date of dispatch of this notice: 18/10/2022
External Reference: 2022-203438
TED Reference: 2022/S 204-581854
Contract award notice
Information
Published
Contract award notice
Contract award notice
Results of the procurement procedure
Directive 2014/24/EU
Section I: Contracting authority
I.1)
Name and addresses
Department of Finance
N/A
Block A, Miesian Plaza, Baggot Street
Dublin 2
eire
IE
Contact person:
David Tuohy
Telephone:
+353 16045343
E-mail:
david.tuohy@finance.gov.ie
NUTS code:
IE0 -
IRELAND
Main address:
www.finance.gov.ie
Address of the buyer profile:
https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/310
I.2)
Joint procurement
The contract is awarded by a central purchasing body
I.4)
Type of the contracting authority
Ministry or any other national or federal authority, including their regional or local subdivisions
I.5)
Main activity
Other activity:
Finance
Section II: Object
II.1)
Scope of the procurement
II.1.1)
Title
Department of Finance Financial Panel ITT
II.1.2)
Main CPV code
66120000
-
Investment banking services and related services
II.1.3)
Type of contract
Services
II.1.4)
Short description
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.
II.1.6)
Information about lots
This contract is divided into lots:
yes
II.1.7)
Total value of the procurement
Value excluding VAT:
2250000.00
EUR
II.2)
Description
II.2.1)
Title
Capital Markets, Strategic, M&A Advice
Lot No:
1
II.2.2)
Additional CPV code(s)
66000000
-
Financial and insurance services
66100000
-
Banking and investment services
66170000
-
Financial consultancy, financial transaction processing and clearing-house services
II.2.3)
Place of performance
NUTS code:
IE -
IRELAND
Main site or place of performance:
Baggot Street, Dublin 2
II.2.4)
Description of the procurement
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).
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).
II.2.5)
Award criteria
Criteria below
Quality criterion
-
Name:
Quality of Offering
/
Weighting:
25%
Quality criterion
-
Name:
Quality of team
/
Weighting:
20%
Quality criterion
-
Name:
Strength of resources
/
Weighting:
15%
Quality criterion
-
Name:
Understanding of Irish banks and Department of Finance priorities
/
Weighting:
20%
Price
-
Weighting:
20%
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)
Description
II.2.1)
Title
General Financial Advice
Lot No:
2
II.2.2)
Additional CPV code(s)
66000000
-
Financial and insurance services
66100000
-
Banking and investment services
66170000
-
Financial consultancy, financial transaction processing and clearing-house services
II.2.3)
Place of performance
NUTS code:
IE0 -
IRELAND
Main site or place of performance:
Baggot Street, Dublin 2
II.2.4)
Description of the procurement
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.
II.2.5)
Award criteria
Criteria below
Quality criterion
-
Name:
Quality of Offering
/
Weighting:
35%
Quality criterion
-
Name:
Quality of team
/
Weighting:
30%
Quality criterion
-
Name:
Strength of resources
/
Weighting:
15%
Price
-
Weighting:
20%
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)
Description
II.2.1)
Title
Capital Markets Distribution Services
Lot No:
3
II.2.2)
Additional CPV code(s)
66000000
-
Financial and insurance services
66100000
-
Banking and investment services
66170000
-
Financial consultancy, financial transaction processing and clearing-house services
II.2.3)
Place of performance
NUTS code:
IE -
IRELAND
Main site or place of performance:
Baggot Street, Dublin 2
II.2.4)
Description of the procurement
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.
II.2.5)
Award criteria
Criteria below
Quality criterion
-
Name:
Strength of equity capital markets franchise
/
Weighting:
25%
Quality criterion
-
Name:
Quality of team and Strength of Resources
/
Weighting:
25%
Quality criterion
-
Name:
Strength of resources
/
Weighting:
15%
Quality criterion
-
Name:
Understanding of Irish banks and Department of Finance priorities
/
Weighting:
15%
Price
-
Weighting:
20%
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
Section IV: Procedure
IV.1)
Description
IV.1.1)
Type of procedure
Open procedure
IV.1.3)
Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
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: 2022/S 137-392191
Section V: Award of contract
Lot No: 1
Title: Capital Markets, Strategic, M&A Advice
V.2)
Award of contract
V.2.1)
Date of conclusion of the contract
02/10/2022
V.2.2)
Information about tenders
Number of tenders received:
10
The contract has been awarded to a group of economic operators
:
noV.2.3)
Name and address of the contractor
Bank of America BNP Paribas Citi Davy Deutsche Bank Goldman Sachs Goodbody JP Morgan Morgan Stanley Rothschild
London
UK
NUTS code:
UKI -
LONDON
The contractor is an SME : no
V.2.4)
Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
2250000.00
EUR
Total value of the contract/lot:
2250000.00
EUR
Section V: Award of contract
Lot No: 2
Title: General Financial Advice
V.2)
Award of contract
V.2.1)
Date of conclusion of the contract
02/10/2022
V.2.2)
Information about tenders
Number of tenders received:
5
The contract has been awarded to a group of economic operators
:
noV.2.3)
Name and address of the contractor
EisnerAmper Goodbody KPMG PWC
Dublin
IE
NUTS code:
IE0 -
IRELAND
The contractor is an SME : no
V.2.4)
Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
2250000.00
EUR
Total value of the contract/lot:
2250000.00
EUR
Section V: Award of contract
Lot No: 3
Title: Capital Markets Distribution Services
V.2)
Award of contract
V.2.1)
Date of conclusion of the contract
02/10/2022
V.2.2)
Information about tenders
Number of tenders received:
9
The contract has been awarded to a group of economic operators
:
noV.2.3)
Name and address of the contractor
Bank of America BNP Paribas Citi Davy Deutsche Bank Goldman Sachs Goodbody JP Morgan Morgan Stanley
London
UK
NUTS code:
UKI -
LONDON
The contractor is an SME : no
V.2.4)
Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
2250000.00
EUR
Total value of the contract/lot:
2250000.00
EUR
Section VI: Complementary information
VI.3)
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).
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).
VI.4)
Procedures for review
VI.4.1)
Review body
David Tuohy
Block 1, Miesian Plaza, Baggot Street
Dublin 2
IE
Telephone:
+353 16045343
E-mail:
david.tuohy@finance.gov.ie