Contract notice: Financial consultancy services Tender, Greece - 32424572

Procurement Summary

Country : Greece

Summary : Contract notice: Financial consultancy services

Deadline : 30 May 2019

Other Information

Notice Type : Tender

TOT Ref.No.: 32424572

Document Ref. No. : 186777-2019

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : HELLENIC REPUBLIC ASSET DEVELOPMENT FUND S.A.
Office Name: Hellenic Republic Asset Development Fund S.A.
Address: 1, Kolokotroni Street and Stadiou
Town: Athens
Postal Code: 105 62
Contact Point: Yiannis Zapantis

Phone: +30 2103274400
Fax: +30 2103274449
Greece
Email :info@hraf.gr
URL :http://www.hradf.com

Tender Details

Object of the contract
Financial consultancy services

Description: Contract notice: Financial consultancy services

Authority Type: Other
Contact Nature: Services
Procedure: Open procedure
Document: Contract notice
Regulation: European Union
Award criteria: The most economic tender
CPV code: 66171000, 66171000
CPV Description: Financial consultancy services.

Request for Proposal to Act as a Financial Advisor to the hellenic Republic Asset Development Fund (HRADF) for the Concession of the Right to use, operate, manage and exploit the Marina of Rhodes

Within the framework of the exploitation of the marina of Rhodes, the HRADF is seeking to employ a specialised and highly experienced Financial Advisor (the "Financial Advisor") in order to offer its services and the necessary assistance for the appropriate preparation and execution of the contemplated transaction. In this context, interested parties (the "Interested Parties") are invited to submit a proposal (the "Proposal") in accordance to the terms of this Request for Proposals (the "RfP"). The tender process (the "Tender Process" or the "Tender") for the award of the services procure shall be conducted in accordance to HRADF's Procurement Regulation (Decision of the Minister of Finance No 2/16128/0025, Government Gazette B/476/2014) (the "Procurement Regulation"). An engagement letter (the "Engagement Letter") shall be signed between HRADF and the Interested Party that is selected through the tender.

The financial adviser is expected to provide, inter alia, the following services (the "Services"):

A) during the preparatory period, the financial advisor is required inter alia to:

(i) review any relevant available data, including all existing historical, financial, strategic and operational work done to date relating to the marina of Rhodes, any information memoranda, studies, reports, business plans, models and forecasts relating to the development and operation of marinas, and more particularly data on infrastructure, investment, maintenance and services offered as well as tariffs applied in marinas within the Eastern Mediterranean Sea;

(ii) review and assess the current status quo and financial situation of the marina of Rhodes;

(iii) conduct an international pre-marketing exercise, to determine investor base and investor appetite and identify key investor requirements for the transaction;

(iv) in conjunction with the other advisors of HRADF, submit a recommendation to the HRADF in respect to the anticipated (new) tender process and the foreseen Transaction, which will include among other things a set of options and the advisors' recommendation from a strategic, business, financial and operational point of view, in relation to the proposed course of action to be considered by HRADF relating to the transaction. Prepare and present the optimal transaction structure with its key assumption parameters and respective timelines for its execution (the "Recommendation");

(v) determine the value of the expected future revenues and other economic rights accruing to the HRADF from operation of the marina of Rhodes, under the best applicable structure;

(vi) develop, along with the HRADF's other advisors, and regularly update the appropriate financial forecasts and models as well as perform valuation and financial analysis (including sensitivity analysis) required for the implementation of the anticipated transactions, as well as identify the universe of potential investors, explore and evaluate potential interest for the offered asset;

(vii) design prepare and coordinate, together with HRADF's other professional advisors, all necessary procedures required for the implementation of the tender process and the anticipated transactions such as, indicatively: due diligence process, virtual data room establishment and administration, preparation and coordination of presentations to potential investors and any other action required;

B) during the implementation phase, the financial advisor is expected to assist, in co-operation with any other professional advisors of HRADF, in transaction process for the marina of Rhodes, from initial preparation to the final negotiation and closing of the transaction, inter alia:

(i) advise, and where appropriate, assist the HRADF to develop the appropriate strategy;

(ii) promote the transaction to the identified investor base, attract proposals, offers or bids from potential investors, assess any such proposals, offers or bids and advise the HRADF on their relative merits;

(iii) coordinate and prepare site visits with potential investors to the site;

(iv) work with the other professional advisors of HRADF to prepare any and all customary tender documentation and organise all relevant tender procedures required for the transaction (including but not limited to, invitation for the expression of investors' interest, request for investor proposals and concession agreement);

(v) together with the other advisors of HRADF, assist in collecting necessary Government approvals and/or other approvals from Greek or European Institutions as deemed necessary;

(vi) provide to the Board of Directors of the HRADF any required recommendation justifying the proposed course of action in the different steps of implementation of the transaction up to its financial closing;

(vii) assist and advise the HRADF in relation to all financial or non-financial steps pertaining to to the closing of the transaction and the fulfillment of any conditions precedent.


Internet address (URL): http://www.hradf.com

Documents

 Tender Notice