Long Term Management Due Diligence

Overview

The National Wealth Fund (“NWF”) regularly requires the provision of Management Due Diligence services in support of individual equity investment opportunities under consideration. In order to streamline and standardise the commissioning of these services, NWF is seeking to establish two overarching contractual arrangements from which services may be called off on a Statement of Work basis as individual investment opportunities arise. It is NWF’s intention to award contracts to two (2) suitably qualified suppliers, reflecting the potential for conflicts of interest that may arise in relation to target companies or differences in service line capability and capacity. Each contract is anticipated to be for a duration of four (4) years. Whilst the contracts will be established on a no‑committed spend basis, it is anticipated that they will represent the default route for the procurement of Management Due Diligence services throughout the contract term. The required outputs and deliverables associated with the services shall comprise draft and final Management Due Diligence reports. Services may be undertaken in respect of any combination of the following individuals, as specified by NWF on a case‑by‑case basis: - Founders and co‑founders - Executive directors - Members of the senior leadership team - Functional leads and other key individuals identified by NWF Specialisms sought under this contract include: - Management Capability Assessment (Core Requirement): A comprehensive assessment of the capability, effectiveness, and overall suitability of the target company’s management team. - Referencing and Evidence Gathering (Core Requirement): The undertaking of referencing and evidence‑gathering activities, which may include, as appropriate: referencing with previous employers or colleagues; referencing with current employees; and blinded or anonymised reference discussions. - Integrity and Background Checks (Optional Capability): Where relevant to the target company, the completion of integrity and background checks. - Compensation and Incentives Review (Optional Capability): Where relevant, a review of management remuneration and incentive arrangements, including benchmarking of base salary, variable cash compensation, equity participation, and option schemes. - Enhanced Team Effectiveness and Psychometric Assessment (Optional Capability): Where relevant, enhanced assessment of team effectiveness, potentially including the administration and interpretation of recognised psychometric or behavioural assessment tools at an individual and/or team level. - Regulatory, Government, and Stakeholder Engagement (Optional Capability): Where relevant, an assessment of management’s experience in engaging with central and local government bodies, together with experience of regulatory compliance and planning processes. Suppliers must offer those service lines marked as Core Scope and may apply for any service lines marked Optional Capability within their bid in order to be able to offer them under the contract.