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TED - Tenders Electronic Daily (Publications Office of the EU) verified 6 days ago Contract notice

Ireland - Legal services - 2025/006 Establishment of a multi-party framework agreement for the provision of legal services relating to Enterprise Ireland’s investment in Irish and international private equity and venture funds

Closed Ireland Eastern and Midland Business services

Buyer Enterprise Ireland

€900,000 estimated value

Key facts

Published
Procedure
Negotiated procedure
  1. Published
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Summary

Machine-generated summary

Enterprise Ireland seeks to establish a multi-party framework agreement for the provision of legal services supporting its investments in Irish and international private equity and venture capital funds. The state agency has invested in five Seed and Venture Capital schemes since 1994, committing over €1.4bn to more than 600 supported companies by the end of 2024. A sixth scheme with €250m was announced in August 2024, running from 2025 to 2029, and further similar schemes may follow during the framework's life. The services cover Enterprise Ireland's commitments to funds under the Seed and Venture Capital schemes and advice on venture capital and private equity entities and instruments, with the full list of requirements set out in the tender documents.

Description

Enterprise Ireland (EI), with funding from Government, has invested in five Seed and Venture Capital (SVC) Schemes since 1994 to help ensure that there is both an available and effective overall funding ecosystem for high growth companies and to address market failures in this area. The investment provided by these SVC Funds has supported a significant number of indigenous Irish companies over the years with more than €1.4bn invested in over 600 Enterprise Ireland supported companies to the end of 2024. On the 15th August 2024 the Minister for Enterprise, Trade and Employment announced a sixth Seed and Venture Capital Scheme. The new Scheme has an increased allocation of €250m to be committed over the lifetime of the Seed and Venture Capital Scheme (2025-29) (the “Scheme”). In addition to these, other similar Schemes may be launched by Enterprise Ireland during the life of this Framework. The framework agreement will be established principally to provide legal services with respect to two areas: (i) Enterprise Ireland’s commitment to funds under the Seed and Venture Capital (“SVC”) Schemes and Advice in relation to venture capital and private equity entities and instruments. The full list of requirements are outlined in the tender documents. Tenderers must associate themselves with the competition in order to access the tender documents, ask and receive queries and submit a response.

Official source

Source: TED - Tenders Electronic Daily (Publications Office of the EU)

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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 6 days ago

Enterprise Ireland

Ireland

notices in the register
250
awards
147
awarded in total
€59.4M

Who wins its contracts

Many suppliers
different companies won its awards
36
of the awards went to the three most frequent winners
17%
winners of the last 12 months were new here
18 of 19
of its calls state an estimated value
100%

Based on 41 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners. New: no award from the same buyer or market in the two years before.

Competition

of the awards went to companies based in another country
33%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Awards most often to

  1. Frontline Consultants 8 awards
  2. Ernst and Young 4 awards €4.1M
  3. Grant Thornton 3 awards

2 open tenders right now

Market context

open now in Business services
4,361
median open notice
€210,000

Who wins in this market

Many suppliers

Ireland · Business services

different companies won awards here
658
of the awards went to the three most frequent winners
5%
winners of the last 12 months were new here
385 of 453
buyers awarded contracts here
245

Based on 979 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners. New: no award from the same buyer or market in the two years before.

Competition

tenders per lot on average (open and restricted procedures)
11.5
of those lots received a single tender
12%
of the awards went to companies based in another country
21%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

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