Published date: 5 April 2016

This notice was replaced on 5 April 2016

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 21 March 2018)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Legal services - 79100000

Location of contract

Any region

Value of contract

£0

Procurement reference

PS16054

Published date

5 April 2016

Closing date

18 April 2016

Contract start date

25 April 2016

Contract end date

31 July 2016

Contract type

Service contract

Procedure type

Other:

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

A company owned by The Department for Business,Innovation and Skills (BIS) is looking to procure a legal adviser to execute a potential sale of two portfolios of interests in private equity funds. BIS Co is open to selling the portfolios together or separately to maximise value achieved, and is able to retain one or both portfolios if satisfactory terms and value for money cannot be achieved in a transaction.

The expectation is that the interests will be sold at the portfolio level rather than individual funds transferred.

Scope will include a review of each portfolio's LPA documents, a review of transaction documents, drafting and negotiating buyers NDAs, preparing a draft PSA, conducting PSA negotiations and drafting and negotiating transfer documents.

More information

Attachments

Additional text

This requirement is of a sensitive nature and requires the signing of a Non-Disclosure Agreement (NDA) before any other additional information can be provided. You will find this NDA attached to this notice.

Non-Disclosure Agreement (NDA)
The NDA must be returned fully completed to Professionalservices@uksbs.co.uk and Thomas.ellis@uksbs.co.uk by 13:30 on 11/04/2016 to guarantee that you have full access to the information for the full tender period. You must print the NDA, complete the Tabled areas with the required details and scan back to the above email addresses by the deadline to be able to access the sourcing documents.

You can submit a compliant NDA after this deadline, however there is no guarantee that you will benefit from the full tender period.

Please note: Without the submission of a compliant NDA, your organisation WILL NOT be added to the eSourcing portal and you WILL NOT gain access to any further information.

Submitting a Bid - UK Shared Business Services eSourcing

As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements.

If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so.

The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk.

As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information.

For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503

Training documents to support Bidders to utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

About the buyer

Contact name

Thomas Ellis

Address

North Star House
North Star Avenue
Swindon
SN2 1FF
England

Email

Professionalservices@uksbs.co.uk