Establishment and management of a new fund in North Norway - prequalification stage 1

Investinor

Tenders for managing a new fund in North Norway (NOK 400 - 800 million).
The Ministry of Trade, Industry and Fisheries has given Investinor the task of establishing a fund in North Norway with government and private capital, including entering into a contract for managing the fund. The contract between the fund and manager will be valid for the lifetime of the fund, which will be minimum ten years, and will be based on normal market terms.
The fund will invest in Norwegian limited companies that are located in Nordland, Troms and Finnmark. Private investors will participate with minimum 50% of the capital. Investinor will first go in with NOK 200 million, but the contribution can be increased by a further NOK 200 million, provided that private investors invest with at least the same amount. The contract value, based on the minimum capital of NOK 400 million, is estimated to be approx. NOK 64 million.
We would like the fund to be established in the first half of 2022.
See the attached qualification and tender documentation for further information.
Click here: https://permalink.mercell.com/167263201.aspx.

Frist

Fristen for mottak av tilbud var 2021-12-21. Anskaffelsen ble publisert 2021-11-16.

Hvem? Hva? Hvor?
Anskaffelseshistorikk
Dato Dokument
2021-11-16 Kunngjøring av konkurranse
Kunngjøring av konkurranse (2021-11-16)
Gjenstand
Anskaffelsens omfang
Tittel: Portfolio management services
Kort beskrivelse:
Tenders for managing a new fund in North Norway (NOK 400 - 800 million). The Ministry of Trade, Industry and Fisheries has given Investinor the task of establishing a fund in North Norway with government and private capital, including entering into a contract for managing the fund. The contract between the fund and manager will be valid for the lifetime of the fund, which will be minimum ten years, and will be based on normal market terms. The fund will invest in Norwegian limited companies that are located in Nordland, Troms and Finnmark. Private investors will participate with minimum 50% of the capital. Investinor will first go in with NOK 200 million, but the contribution can be increased by a further NOK 200 million, provided that private investors invest with at least the same amount. The contract value, based on the minimum capital of NOK 400 million, is estimated to be approx. NOK 64 million. We would like the fund to be established in the first half of 2022. See the attached qualification and tender documentation for further information. Click here: https://permalink.mercell.com/167263201.aspx.
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Metadata for kunngjøring
Originalspråk: engelsk 🗣️
Dokumenttype: Kunngjøring av konkurranse
Kontraktens art: Tjenester
Forskrift: Det europeiske økonomiske samarbeidsområdet (EØS)
Felles innkjøpsordliste (CPV)
Kode: Porteføljeforvaltningstjenester 📦
Utførelsessted
NUTS-region: Nord-Norge 🏙️

Prosedyre
Prosedyretype: Konkurranse med forhandling
Tilbudstype: Innlevering for alle delkontrakter
Tildelingskriterier
Det mest økonomisk fordelaktige tilbudet

Oppdragsgiver
Identitet
Land: Norge 🇳🇴
Type tildelende myndighet: Annet
Navn på tildelende myndighet: Investinor
Postadresse: Brattørkaia 17b
Postnummer: 7010
Poststed: Trondheim
Kontakt
Internettadresse: https://permalink.mercell.com/167263201.aspx 🌏
E-post: christian.wolff-skjelbred@investinor.no 📧
Telefon: +47 40005354 📞
URL for dokumenter: https://permalink.mercell.com/167263201.aspx 🌏
URL for deltakelse: https://permalink.mercell.com/167263201.aspx 🌏

Referanse
Datoer
Sendt dato: 2021-11-16 📅
Innleveringsfrist: 2021-12-21 📅
Publiseringsdato: 2021-11-19 📅
Identifikatorer
Kunngjøringsnummer: 2021/S 225-593795
OJ-S-utgave: 225

Gjenstand
Anskaffelsens omfang
Kort beskrivelse:
Tenders for managing a new fund in North Norway (NOK 400 - 800 million).
The Ministry of Trade, Industry and Fisheries has given Investinor the task of establishing a fund in North Norway with government and private capital, including entering into a contract for managing the fund. The contract between the fund and manager will be valid for the lifetime of the fund, which will be minimum ten years, and will be based on normal market terms.
Vis mer
The fund will invest in Norwegian limited companies that are located in Nordland, Troms and Finnmark. Private investors will participate with minimum 50% of the capital. Investinor will first go in with NOK 200 million, but the contribution can be increased by a further NOK 200 million, provided that private investors invest with at least the same amount. The contract value, based on the minimum capital of NOK 400 million, is estimated to be approx. NOK 64 million.
Vis mer
We would like the fund to be established in the first half of 2022.
See the attached qualification and tender documentation for further information.
Tenders for the management of a new fund in North Norway (NOK 400-800 million).
The Ministry of Trade, Industry and Fisheries has, in an assignment letter dated 24 August 2021, given Investinor the task of establishing a fund in North Norway with government and private capital, including a contract for managing the fund. There is also an assignment to manage ownership in the fund on behalf of the government. The contract between the fund and manager will be valid for the lifetime of the fund, which will be minimum ten years, and will be based on normal market terms.
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We have chosen to follow methodology for public tenders as far as this is appropriate and practically possible. This is in order to ensure the basic requirements for competition, equal treatment, predictability, transparency, and traceability.
We will have a process where we first ask for basic information on the manager in order to ensure that they are qualified for the assignment. Then we will ask for tenders for the management assignment, with a more detailed description of the manager, experience, strategy, fees, etc. In this phase we will have an ongoing dialogue with tenderers so that we have the best possible basis for making the right choice.
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Investinor is not covered by the Public Procurement Act or the Public Administration Act. The decision on the choice of manager will be made by the board in Investinor and will, therefore, be final. It will not be possible to appeal the award of contract as in an ordinary public tender. Investinor will follow good management practice, which states that tenderers will be informed of who is awarded the contract and the reasons for the choice that was made.
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The size of the fund is minimum NOK 400 million, and Investinor will go in with up to 50% of the capital, equivalent to NOK 200 million. Investinor will go into the fund on the same terms as the private investors (pari passu). Investinor will be able to contribute with a further NOK 200 million through a non-binding option if private investors contribute with the same amount of capital. The fund could, therefore, have a capital base of between NOK 400-800 million. It is possible to increase the private share so that fund is larger than this.
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Brief information on the frameworks for the fund:
- Minimum NOK 400 where Investinor contributes with NOK 200 million. Option to increase the fund's limit to NOK 800 million or more, where Investinor's share is up to NOK 400 million.
- Investinor and private investors will participate on equal terms in the fund (pari passu).
- The fund will be managed by a private manager who is chosen by Investinor after a selection process with negotiations. The assignment to manage the fund will be awarded through an open, transparent, non-discriminatory, and objective selection process.
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- The chosen manager will be responsible for ensuring sufficient private capital for the fund.
- The fund will invest in companies and projects that are located in North Norway.
- The fund will be open for investments in all branches.
- The fund will be aimed at the parts of the market where more capital is wanted than what the capital market already offers.
- The target group for the investments will be small and medium sized companies with growth potential.
- The manager's competences and experience will be decisive for the fund's sector choice and strategy.
- The manager can choose where in North Norway they will be located.
- The fund will have a lifetime of minimum 10 years, with an option for an extension.
Varighet: 120 måneder
Beskrivelse av opsjoner:
The size of the fund is minimum NOK 400 million. Investinor will go in with up to 50% of the capital equivalent to NOK 200 million. Investinor will go into the fund on the same terms as the private investors (pari passu). Investinor can contribute with a further NOK 200 million through a non-binding option if private investors contribute the same amount of capital.
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Juridisk, økonomisk, finansiell og teknisk informasjon
Vilkår for deltakelse
Egnethet til å utøve yrkesvirksomheten:
1) Tenderers must be a legally established company. This is to be documented by a company registration certificate.
Newly formed companies: Information on ownership, the board, capital conditions, office address, etc. The company registration certificate must be sent immediately after the company is registered.
2) Tenderers must have their tax and VAT payments in order.
This is to be documented by a Tax and VAT certificate. The certificate must not be older
than 6 months calculated from the application deadline.
Newly formed companies: Information on ownership, the board, capital conditions, office address, etc.
3) Tenderers must have relevant experience, competence and expertise within the management of funds, venture investments, corporate venture, etc.
An account is wanted of the experience, competence, and expertise of the management environment for resources that can be used for the assignment. This must demonstrate that collectively there is the knowledge, experience and capacity to manage a fund in North Norway. All information given will be dealt with confidentially.
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Documentation can include:
Named employees (role at the manager).
Investment related education and experience (or authorisations)
Type of investment activities
Board experience
The manager environment's special branch knowledge.
A description of how and where the manager environment or parts it have previously worked together.
The manager environment must describe the relevant capacity and number of resources (share of man-labour years per resource) that will be offered for the assignment. The fund's minimum size is NOK 400 million, use this as a starting point and provide comments on any ambitions for a larger fund.
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Prosedyre
Rettslig grunnlag: 32014L0024
Tidspunkt for mottak av tilbud: 14:00
Språk som tilbud eller forespørsler om deltakelse kan sendes inn på: norsk 🗣️
Tilbudets gyldighetsperiode: 3 måneder

Oppdragsgiver
Identitet
Nasjonalt registreringsnummer: 925093726
Annen type oppdragsgiver: Government limited company
Kontakt
Kontaktpunkt: Christian Wolff-Skjelbred
URL for dokumenter: https://permalink.mercell.com/167263201.aspx 🌏

Utfyllende informasjon
Klageinstans
Navn: Trøndelag tingrett
Postadresse: Anskaffelsen er ikke underlagt lov om offentlig anskaffelser, og det er derfor ikke adgang til å klage.
Poststed: Trondheim
Land: Norge 🇳🇴
Kilde: OJS 2021/S 225-593795 (2021-11-16)
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