SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSION OF INTEREST (EOI)
Electronic Submissions through WBGeProcure RFx Now
ASSIGNMENT OVERVIEW
Assignment Title: SME VENTURES - EXIT ADVISOR FOR TWO FUND MANAGERS - LATAM
Assignment Countries:
- Not Country Related
ASSIGNMENT DESCRIPTION
The SME Ventures Program ("SMEV") is a part of the International Finance Corporation's (“IFC”) private equity funds department ("CDFPE"). It focuses on investing in private equity funds that specifically target small and medium-sized enterprises (“SMEs”) in Low Income IDA, Fragile and Conflict Affected States ("IDA-FCS") as well as other frontier markets. Currently, SMEV has invested in a diverse portfolio of twenty six (26) funds operating in over thirty (30) countries worldwide. In addition to financial investments, the program also provides Technical Assistance ("TA") to the fund managers.
As part of its support to fund managers, SMEV offers a comprehensive capacity building program. This program is designed to outline and reinforce the fundamental skills and knowledge that GPs should develop right from the inception of their funds and apply throughout the investment period. By equipping fund managers with these core foundational skills, SMEV aims to enhance their ability to effectively manage and grow their portfolios of SME investments.
SMEV has identified the need to support its fund managers in developing a systematic approach to exiting their investments and creating exit strategies that align with their value creation efforts. In the Latin America Region (e.g. Colombia, Dominican Republic, Nicaragua, El Salvador, Guatemala, Panama, Costa Rica, Honduras, Belize, Panama, Mexico, and Ecuador) SMEV is seeking to develop framework agreements with exit advisors to support at least two(2) of its regional fund managers in the exit process of two (2) portfolio companies per fund.
The objective of this project is to leverage the Exit Advisor’s expertise and experience to guide Fund Managers through the process of exiting an investment. This Terms of Reference (“TOR”) aims to identify and select a group of exit advisors who can provide support to fund managers in achieving successful exits. From the pool of selected exit advisors, each fund manager will have the opportunity to choose their preferred service provider based on their specific needs and preferences. The objective is to ensure that fund managers have access to the expertise and guidance necessary to navigate the exit process effectively and maximize value.
SUBMISSION REQUIREMENTS
The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associate to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.
Expressions of Interest should be submitted, in English, electronically through WBGeProcure RFx Now
NOTES
Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms which have not been shortlisted.
If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org prior to the submission deadline.