Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 East

MIDLANDS ENGINES INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 15:17

Award Notice
Summary of the contracting process

The procurement process concerns the awarding of a contract by Midlands Engines Investments Limited for the framework agreements related to fund management, specifically focusing on Lot 2, which encompasses debt funds valued between £120 million and £400 million. The tender, titled "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 East," was published on 13th July 2018 and is classified under investment banking services. The contract period is set to run from 23rd August 2017 until 23rd August 2027, with the delivery address located in the East Midlands region of the United Kingdom. The procurement was completed as of 27th June 2017.

This tender represents significant opportunities for businesses in the finance and investment sector, particularly those specialising in fund management and related services such as banking and loan brokerage. With a substantial contract value of £50 million, established firms in investment banking or corporate finance would be particularly well-suited to compete for future work associated with the Midland Engine Investment Fund. The involvement of a public body further promotes the credibility and potential for growth among businesses that can effectively engage in this sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 East

Notice Description

Midland Engine Investment Limited has conducted this procurement to contract a fund manager for :- Lot 2 - debt funds within the framework range of PS120m to PS400m across a number of funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-888fed53-1775-4d7b-a813-aef02c9c3a64
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6cb3419f-3c82-4f20-8fcf-5e915c272c64
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66122000 - Corporate finance and venture capital services

66190000 - Loan brokerage services

Notice Value(s)

Tender Value
£50,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£50,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
27 Jun 2017Expired
Future Notice Date
Not specified
Award Date
26 Jun 20178 years ago
Contract Period
22 Aug 2017 - 23 Aug 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MIDLANDS ENGINES INVESTMENTS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLF East Midlands (England)
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

MAVEN MEIF (EM) GP (ONE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-888fed53-1775-4d7b-a813-aef02c9c3a64-2018-07-13T16:17:09+01:00",
    "date": "2018-07-13T16:17:09+01:00",
    "ocid": "ocds-b5fd17-888fed53-1775-4d7b-a813-aef02c9c3a64",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP332848715",
        "title": "GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 2 East",
        "description": "Midland Engine Investment Limited has conducted this procurement to contract a fund manager for :- Lot 2 - debt funds within the framework range of PS120m to PS400m across a number of funds",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66120000",
            "description": "Investment banking services and related services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66190000",
                "description": "Loan brokerage services"
            },
            {
                "scheme": "CPV",
                "id": "66122000",
                "description": "Corporate finance and venture capital services"
            },
            {
                "scheme": "CPV",
                "id": "66100000",
                "description": "Banking and investment services"
            },
            {
                "scheme": "CPV",
                "id": "66000000",
                "description": "Financial and insurance services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "East Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 50000000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Not specified",
        "tenderPeriod": {
            "endDate": "2017-06-27T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2017-08-23T00:00:00+01:00",
            "endDate": "2027-08-23T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-91032",
            "name": "Midlands Engines Investments Limited",
            "identifier": {
                "legalName": "Midlands Engines Investments Limited"
            },
            "address": {
                "streetAddress": "Steel City House, West Street",
                "locality": "Sheffield",
                "postalCode": "S1 2GQ",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "Pete Binkiewicz",
                "email": "Pete.Binkiewicz@british-business-bank.co.uk",
                "telephone": "01142062134"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-91033",
            "name": "Maven MEIF (EM) GP (One) Limited",
            "identifier": {
                "legalName": "Maven MEIF (EM) GP (One) Limited"
            },
            "address": {
                "streetAddress": "1-2 Royal Exchange Buildings London EC3V 3LF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-91032",
        "name": "Midlands Engines Investments Limited"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-888fed53-1775-4d7b-a813-aef02c9c3a64-1",
            "status": "active",
            "date": "2017-06-27T00:00:00+01:00",
            "datePublished": "2018-07-13T16:17:09+01:00",
            "value": {
                "amount": 50000000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-91033",
                    "name": "Maven MEIF (EM) GP (One) Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2017-08-23T00:00:00+01:00",
                "endDate": "2027-08-23T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/6cb3419f-3c82-4f20-8fcf-5e915c272c64",
                    "datePublished": "2018-07-13T16:17:09+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "Please follow this link to view the notice.",
                    "url": "https://www.delta-esourcing.com/delta/respondToList.html?noticeId=332848715"
                }
            ]
        }
    ]
}