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GB-Sheffield: Project Riptide

British Patient Capital Limited

This public procurement record has 1 release in its history.

Award

11 Aug 2026 at 13:20

Award Notice
Summary of the contracting process

British Patient Capital Ltd procured legal services for Project Riptide, concerning a merger and a PIPE transaction involving BPC. The work falls within finance, high-risk and innovation legal support and was obtained through the Government Commercial Agency’s RM6360 Legal Panel, Lot 3. Services were to be delivered for activity connected with British Patient Capital in Sheffield and the wider Yorkshire and the Humber area. The requirement is specialist corporate and transactional legal work rather than general legal advice, with relevance for firms experienced in mergers, private investment in public equity transactions, financial structuring and matters involving innovation or higher commercial risk.

The procurement has been completed and was awarded on 24 June 2026 to Ashurst Perkins Coie UK LLP. The award value is £45,000, and the contract period runs from 25 June 2026 to 29 June 2026. The requirement was procured through the Government Commercial Agency RM6360 Legal Panel, Lot 3 for finance and high-risk or innovation work. The tender submission deadline was 24 June 2026. British Patient Capital Ltd was the buyer, and the selected supplier is recorded as a large organisation. The contract covers one legal-services requirement, with the procurement classified as services and the award recorded as active.

This award demonstrates demand from British Patient Capital for specialist legal advice on mergers and PIPE transactions, delivered through an established government legal panel. Suppliers seeking comparable work from this buyer would need strong corporate finance and transactional capability, including experience advising on mergers, investment structures and complex funding activity. Credibility would also depend on handling high-risk or innovation-related matters and understanding the needs of a patient-capital investor. Firms would need the standing and relevant panel access to compete through the same route, together with sufficient senior legal resource to manage a concentrated transaction requiring commercial judgement, coordination and technically robust advice.

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Notice Information

Notice Title

GB-Sheffield: Project Riptide

Notice Description

Legal Services Project Riptide relating to Merger and PIPE BPC utilised the Government Commercial Agency (GCA) RM6360 Legal Panel for Government Lot 3 Finance and High Risk / Innovation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f322dbeb-dbf6-4f21-a877-88e8b1c867fd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f7896970-4ca5-4e4e-812d-986ee1846337
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
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

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20262 weeks ago
Submission Deadline
24 Jun 2026Expired
Future Notice Date
Not specified
Award Date
24 Jun 20262 months ago
Contract Period
25 Jun 2026 - 29 Jun 2026 30 days
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
British Patient Capital 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
Postcode Area
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
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Ashurst LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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