Study on the scaling up of funds investing in innovative and growth firms and on consolidation and reducing fragmentation in trading and post-trading infrastructures in Europe

The purpose of the study is twofold: 1) to identify barriers to the scaling-up and consolidation of investment funds, including venture capital and private equity funds together with potential options to address the barriers identified and, 2) separately, to identify barriers and potential options for the further consolidation and reduced …

CPV: 73200000 Servicios de consultoría en investigación y desarrollo, 79300000 Investigación mercadotécnica y económica; sondeos y estadísticas, 79311400 Servicios de investigación económica, 79311410 Evaluación de repercusiones económicas
Lugar de ejecución:
Study on the scaling up of funds investing in innovative and growth firms and on consolidation and reducing fragmentation in trading and post-trading infrastructures in Europe
Organismo adjudicador:
European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union
Número de premio:
EC-FISMA/2024/OP/0002

1. Buyer

1.1 Buyer

Official name : European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union
Legal type of the buyer : EU institution, body or agency
Activity of the contracting authority : General public services

2. Procedure

2.1 Procedure

Title : Study on the scaling up of funds investing in innovative and growth firms and on consolidation and reducing fragmentation in trading and post-trading infrastructures in Europe
Description : The purpose of the study is twofold: 1) to identify barriers to the scaling-up and consolidation of investment funds, including venture capital and private equity funds together with potential options to address the barriers identified and, 2) separately, to identify barriers and potential options for the further consolidation and reduced fragmentation of trading and post-trading infrastructure in the EU so as to create deeper pools of liquidity, produce synergies and related cost efficiencies, and to help lower the cost of financing.
Procedure identifier : c87ec8a4-5f1b-463c-a80d-c49e61174d39
Previous notice : 364479-2024
Internal identifier : EC-FISMA/2024/OP/0002
Type of procedure : Open
Justification for the accelerated procedure :
Main features of the procedure :

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 73200000 Research and development consultancy services

2.1.3 Value

Estimated value excluding VAT : 500 000 Euro

2.1.4 General information

Legal basis :
Regulation (EU, Euratom) 2018/1046

5. Lot

5.1 Lot technical ID : LOT-0002

Title : Study of barriers to the consolidation of and reduced fragmentation in trading and post-trading infrastructure
Description : The purpose of this lot is to explore barriers to consolidation of trading and post-trading infrastructure and potential ways to address those barriers identified. The assessment of the barriers should take into account vertical, horizontal and other types of consolidation among trading and post-trading infrastructure as well as explore the role that technology could play in removing those barriers. The assessment should also identify and characterise the synergies and operational cost reductions resulting from past consolidation. In the area of trading, the study should take due account of recent EU initiatives to foster consolidation of market data through the development of a consolidated tape. It should also assess the use and impact of existing mechanisms intended to facilitate admission to trading on multiple venues on access to securities by investors, notably across borders, and on access to capital by issuers. Evidence will need to be collected inter alia through conducting interviews with operators of trading and post-trading infrastructures.
Internal identifier : EC-FISMA/2024/OP/0002-LOT-2

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 73200000 Research and development consultancy services
Additional classification ( cpv ): 79300000 Market and economic research; polling and statistics
Additional classification ( cpv ): 79311400 Economic research services
Additional classification ( cpv ): 79311410 Economic impact assessment

5.1.3 Estimated duration

Duration : 10 Month

5.1.5 Value

Estimated value excluding VAT : 200 000 Euro

5.1.6 General information

Procurement Project fully or partially financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes
Information about previous notices :
Identifier of the previous notice : 237888-2024

5.1.10 Award criteria

Criterion :
Type : Quality
Name :
Description : Please consult the procurement documents.
Weight (percentage, exact) : 70
Criterion :
Type : Price
Name :
Description : Please consult the procurement documents.
Weight (percentage, exact) : 30
Description of the method to be used if weighting cannot be expressed by criteria :
Justification for not indicating the weighting of the award criteria :

5.1.15 Techniques

Framework agreement :
No framework agreement
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : Court of Justice of the European Union
Organisation signing the contract : European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union
TED eSender : European Commission

6. Results

Value of all contracts awarded in this notice : 199 900 Euro

6.1 Result lot ldentifier : LOT-0002

At least one winner was chosen.

6.1.2 Information about winners

Winner :
Leader of tendering party : BOURSE CONSULT LLP
Official name : UAB CIVITTA
Tender :
Tender identifier : Led by Bourse Consult LLP
Identifier of lot or group of lots : LOT-0002
Contract information :
Identifier of the contract : EC-FISMA/2024/OP/0002 - Lot 2
Date on which the winner was chosen : 20/11/2024
Date of the conclusion of the contract : 05/12/2024
The contract is awarded within a framework agreement : no
Information about European Union funds
Name of EU-financed project or programme : Single Market Programme, including COSME, ISA2, ESP, consumer involvement in fin. Services, financial reporting, Health, Food and Feed, consumer programme (2021/2027)
Organisation signing the contract : European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union

6.1.4 Statistical information

Received tenders or requests to participate :
Type of received submissions : Tenders submitted electronically
Number of tenders or requests to participate received : 3

8. Organisations

8.1 ORG-0001

Official name : European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union
Registration number : COM
Department : FISMA.01 - Finance, Internal Control and IT
Postal address : The Pavilion (SPA2), Rue de Spa 2
Town : Brussels
Postcode : B-1000
Country subdivision (NUTS) : Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad ( BE100 )
Country : Belgium
Telephone : +32 2 299 11 11
Roles of this organisation :
Buyer
Organisation signing the contract

8.1 ORG-0002

Official name : Court of Justice of the European Union
Registration number : CURIA
Postal address : Rue du Fort Niedergrünewald
Town : Luxembourg
Postcode : L-2925
Country subdivision (NUTS) : Luxembourg ( LU000 )
Country : Luxembourg
Telephone : +352 4303-1
Internet address : http://curia.europa.eu
Roles of this organisation :
Review organisation

8.1 ORG-0003

Official name : European Commission
Registration number : EUCOM
Postal address : Mondrian (CDMA), Rue du Champ de Mars 21
Town : Brussels
Postcode : B-1050
Country subdivision (NUTS) : Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad ( BE100 )
Country : Belgium
Telephone : +32 2 299 11 11
Roles of this organisation :
TED eSender

8.1 ORG-0004

Official name : BOURSE CONSULT LLP
Registration number : GB128551511
Postal address : 15 WHITEHALL
Town : LONDON
Postcode : SW1A 2DD
Country subdivision (NUTS) : Extra-Regio NUTS 3 ( UKZZZ )
Country : United Kingdom
Telephone : +447976357360
Roles of this organisation :
Tenderer
Group leader
Winner of these lots : LOT-0002

8.1 ORG-0005

Official name : UAB CIVITTA
Registration number : LT100005180610
Postal address : GEDIMINO AVENUE 27
Town : VILNIUS
Postcode : 01104
Country subdivision (NUTS) : Extra-Regio NUTS 3 ( LTZZZ )
Country : Lithuania
Telephone : +447976357360
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0002

11. Notice information

11.1 Notice information

Notice identifier/version : ef6bbb77-5b03-4186-b0d7-7a2280531852 - 01
Form type : Result
Notice type : Contract or concession award notice – standard regime
Notice dispatch date : 11/12/2024 17:51 +01:00
Languages in which this notice is officially available : English

11.2 Publication information

Notice publication number : 00763942-2024
OJ S issue number : 243/2024
Publication date : 13/12/2024