Award

Provision of Pitchbook Licences Master Agreement

DEPARTMENT FOR BUSINESS & TRADE

This public procurement record has 4 releases in its history.

Award

04 Jul 2025 at 14:57

Award

15 May 2025 at 15:30

AwardUpdate

15 May 2025 at 15:28

Award

11 Apr 2025 at 08:57

Summary of the contracting process

The Department for Business & Trade has completed the procurement of data licences through a direct award process to PitchBook Data Limited, a large-scale financial data and software company. This contract, under the title "Provision of Pitchbook Licences Master Agreement," was specifically sought due to PitchBook's unique ability to provide comprehensive and integrated datasets covering private and public markets, including detailed financial, operational, and strategic insights. The agreement, initiated on 28 May 2025 and set to conclude on 1 April 2026, allows the Department and its investment teams to leverage a vast array of market analysis and UK company data, enhancing their operational capabilities both domestically and internationally. The procurement falls under the industry category of data services and was concluded without competitive bidding due to technical reasons, confirming that no reasonable alternatives were available.

This tender offers significant opportunities for business growth in the realm of data analytics and decision-making enhancement. Businesses involved in providing market intelligence services on a large scale, particularly those specializing in venture capital, private equity, and M&A financial data services, are highly suited to this type of procurement project. Such partnerships can stimulate technological advances and broaden product offerings by integrating diverse datasets. Moreover, companies that excel in delivering sophisticated and unique data services could leverage similar opportunities, paving the way for strategic alignments with government sectors seeking robust market insights and analytics platforms.

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Notice Title

Provision of Pitchbook Licences Master Agreement

Notice Description

The Department for Business and Trade (DBT) has procured data license subscriptions from PitchBook and award the contract to them. This contract will ensure that our teams have access to comprehensive global market analysis, as well as detailed information on UK companies. This unique service is invaluable for our UK and overseas sector teams, as well as our central investment function teams. PitchBook is a financial data and software company specialising in providing detailed information on private and public markets, including venture capital, private equity, and mergers and acquisitions.

Procurement Information

The selected supplier is the only known provider offering a uniquely comprehensive and integrated dataset that spans both private and public markets globally. Their platform consolidates a wide range of structured and proprietary indicators relevant to market activity, company growth trajectories, and investment signals. This includes financial, operational, and strategic insights that are not available in combination from other sources. The solution also enables advanced relationship mapping and intelligence on key stakeholders, which is critical for our intended use case. No other known provider has been identified that can deliver this breadth and depth of data within a single platform.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05010c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037537-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

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


CPV Codes

72300000 - Data services

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£281,374 £100K-£500K
Contracts Value
£281,374 £100K-£500K

Notice Dates

Publication Date
4 Jul 20257 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Apr 202510 months ago
Contract Period
27 May 2025 - 1 Apr 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR BUSINESS & TRADE
Additional Buyers

MISSING

Contact Name
Project_4790 - Provision of Pitchbook Licences Master Agreement
Contact Email
dataandsystems@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PITCHBOOK DATA

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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