EXPRESSION OF INTEREST
Appointment of Financial Advisor
for the Privatisation of First Women Bank Limited (FWBL)
First Women Bank Limited (‘FWBL’ or the ‘Bank’), a Scheduled Commercial Bank, currently operates a network of 42 branches spread across 24 cities nationwide. Federal Government, through the Ministry of Finance, holds 82.64% shares of FWBL, whereas the rest are held by MCB, HBL, ABL, NBP & UBL.
GOP, through the Privatisation Commission (‘PC’), intends to divest upto 100% of GoP equity stake in the Bank along with management control to a strategic investor (‘Transaction’).
PC intends to hire services of Investment Banks or Corporate Finance Advisory Firms, possessing proven and demonstrable Transaction Advisory Services (‘TAS’) experience to act as Financial Advisor (‘FA’) for the Transaction. For successful completion of the Transaction, TAS will inter alia include detailed due diligence of the Bank, assessing alternative transaction structures, valuation of the Bank, preparation and implementation of marketing strategy / plan, pre-qualification of prospective investors leading to conducting of seamless bidding process and signing of agreement(s). FA is expected to associate reputable and experienced Law Firm and Accounting Firm, as sub-contractors, for the Transaction.
In this regard, Interested Parties (‘IPs’) are invited to submit Expressions of Interest (‘EOI’) with the following requisite information:
i. Profile of IPs demonstrating experience of providing TAS during the last 10 years, with detail of projects and clientele. Also highlight the TAS mandates undertaken in the banking sector.
ii. Specific details of at least two (02) similar completed projects during the last 10 years, providing services relevant to this Transaction.
IPs are advised to submit EOls (5 copies), not exceeding twenty (20) pages including annexures, along with a non-refundable processing fee of Pak Rupees 10,000/- in the form of Pay Order or Demand Draft in favor of the Privatisation Commission at the address given below.
EOls will be opened on the same day at 4:00 pm in the presence of representatives of IPs, who may opt to be present.
The Request for Proposal (‘RFP’) package will be issued only to the shortlisted IPs along with detailed TORs. The selection shall be made in accordance with Quality and Cost Based Selection (QCBS) method set out in Privatisation Commission (Hiring of Financial Advisor) Regulations, 2018 and Public Procurement Consultancy Regulations, 2010.
Last date for the submission of EOls is September 23, 2019 by 3:00 pm
For further information/ queries, please contact:
(Banking & Utilities)
Ph: (+92-51)9201955 Fax: (+92-51)9211692
Government of Pakistan
New Kohsar Block, 4th Floor, Pak Secretariat, Islamabad, Pakistan Ph: (+92-51) 9201955 Fax:+92-51-9211692 www.privatisation.gov.pk