Request for Proposal (RfP) for the conclusion of a framework agreement with regard to the provision of Financial Advisory Services

HFSF is currently seeking to engage by means of the present Request for Proposals independent financial advisory firms in order to form a panel of advisors (the "Panel”), for each type of transaction as described below, from which it will mandate firms for specific roles (i.e. Disposal Advisor (s) per Bank and / or per transaction, and / or syndicate members if applicable) as necessary for the implementation of the Divestment Strategy across all of its Holdings.

The Panel is expected to expedite the final selection of advisor(s) for a specific execution process (each “Project”) when it arises, given that time may be of the essence due to the nature of the transaction, market conditions, available time windows and / or other relevant factors.

The HFSF will decide on the specific structure of each individual divestment transaction, however potential structures are categorized into two types:

• Type A transactions refer to Capital Markets Sale, whereas shares of HFSF are sold via a wide range of equity capital market transactions, typically targeting a broad distribution to predominantly institutional investors, with pricing typically set via either (i) a bookbuilding process that incorporates some degree of competitive bidding or (ii) via the day-to-day stock market pricing mechanism. HFSF has the discretion to use a combination of structures from the above methods (“dual-” or “parallel-track”) if it judges it advantageous under the prevailing circumstances;
• Type B transactions refer to Private Sale under which the shares are sold via a private placement (i.e. Merger & Acquisition “M&A”) or public takeover to investor(s) seeking to acquire a significant stake in a Bank.

You can find the complete RfP document here: bit.ly/3nXxXGy

Download the RfP bundle: bit.ly/3I5jwH7