Award

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 West

MIDLANDS ENGINE INVESTMENTS LIMITED

This public procurement record has 1 release in its history.

Award

13 Jul 2018 at 14:36

Award Notice
Summary of the contracting process

The procurement process undertaken by Midlands Engine Investments Limited involves the awarding of a framework agreement for fund management, specifically for Lot 1 of the Midland Engine Investment Fund, with a value between £80 million to £300 million. The tender was officially awarded on 12 December 2017 and contracts are effective from 19 February 2018 until 19 February 2028. This procurement falls under the classification of corporate finance and venture capital services, and it primarily concerns the West Midlands region of the United Kingdom.

This opportunity is particularly suited for large-scale financial services firms that specialise in corporate finance, venture capital, and investment banking. Companies capable of managing substantial equity funds will be well-positioned to compete for this contract, which can facilitate significant business growth over the next decade. The awarded contract to Midvest Limited signifies an opening for similar entities to engage with public sector investment initiatives and enhance their market presence within the financial services industry.

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Notice Information

Notice Title

GB-Sheffield: Framework Agreements for Fund Management Incorporating the Midland Engine Investment Fund - Lot 1 West

Notice Description

Midlands Engines Investments Limited has conducted this procurement to contract a fund manager for:- Lot 1 Equity fund within the Framework range value of PS80m to PS300m across a number of funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b67b75f0-dc61-4c8d-be07-fb8187404416
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/58b93ff2-be4f-4e5b-b1e0-09a9114331c5
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
£35,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£35,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Jul 20187 years ago
Submission Deadline
12 Dec 2017Expired
Future Notice Date
Not specified
Award Date
12 Dec 20178 years ago
Contract Period
19 Feb 2018 - 19 Feb 2028 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 ENGINE INVESTMENTS LIMITED
Contact Name
Pete Binkiewicz
Contact Email
pete.binkiewicz@british-business-bank.co.uk
Contact Phone
01142062134

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
TLG West Midlands (England)
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

MIDVEST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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. 

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