Solicitations
of Expressions of Interest for a Financial Advisor to act as a capital raising
and structuring advisor for BDF’s Venture Capital Fund
of Expressions of Interest for a Financial Advisor to act as a capital raising
and structuring advisor for BDF’s Venture Capital Fund
Background
BDF
Ltd is a Public Limited Company that was established in collaboration of the
Government of Rwanda and Rwanda Devel
Ltd is a Public Limited Company that was established in collaboration of the
Government of Rwanda and Rwanda Devel
opment Bank (BRD Ltd) with a mission to
create an enabling financial environment for all Rwandans with good ideas and
to ensure that these ideas are matched by opportunity. It is in this regard
that BDF is broadening its menu of products to include a Venture Capital Fund
as a response to the varied and evolving requirements of SMEs.
The
introduction of a Venture Capital Fund will allow BDF to play a catalytic role
in mobilizing share capital for viable SME investments that have difficulty
accessing loans and that would not be fully qualified for alternative financing
under the normal credit underwriting guidelines.
introduction of a Venture Capital Fund will allow BDF to play a catalytic role
in mobilizing share capital for viable SME investments that have difficulty
accessing loans and that would not be fully qualified for alternative financing
under the normal credit underwriting guidelines.
BDF’s
overriding objective in undertaking Venture Capital is to promote the emergence
of dynamic SMEs. It also seeks to attract Limited Partners to financially
viable projects, as well as promoting other investor participation. BDF will
invest in equities either directly or indirectly through appropriate funds and
other investment vehicles_ BDF may also choose to invest in equity instruments
that occupy a hybrid position in corporate capita! structures, ranking junior
to senior debt but ahead of pure equity. Examples include redeemable preference
shares/preferred stock, subordinated loans and convertible bonds.
overriding objective in undertaking Venture Capital is to promote the emergence
of dynamic SMEs. It also seeks to attract Limited Partners to financially
viable projects, as well as promoting other investor participation. BDF will
invest in equities either directly or indirectly through appropriate funds and
other investment vehicles_ BDF may also choose to invest in equity instruments
that occupy a hybrid position in corporate capita! structures, ranking junior
to senior debt but ahead of pure equity. Examples include redeemable preference
shares/preferred stock, subordinated loans and convertible bonds.
BDF
will undertake equity investments in financially viable SMEs (both start ups
and established entities) in any sector but with a bias towards
agro-processing.
will undertake equity investments in financially viable SMEs (both start ups
and established entities) in any sector but with a bias towards
agro-processing.
Objective
The
overall objective of this financial. Advisory assignment is to attract
potential investors to invest in the BDF Venture Capital Fund and design a
capital-raising plan and corresponding activities in order raise funds.
overall objective of this financial. Advisory assignment is to attract
potential investors to invest in the BDF Venture Capital Fund and design a
capital-raising plan and corresponding activities in order raise funds.
All
interested firms/Individuals who deem themselves qualified are invited to
submit their Profiles/ CVs along with the required documents indicating their
suitability for the assignment.
interested firms/Individuals who deem themselves qualified are invited to
submit their Profiles/ CVs along with the required documents indicating their
suitability for the assignment.
Scope
of Service
of Service
The
Financial Advisor’s duties and
Financial Advisor’s duties and
responsibilities
will include;
will include;
–
Prepare a strategy regarding the fundraising exercise
Prepare a strategy regarding the fundraising exercise
Conduct
briefings to relevant stakeholders, potential Investors, regulatory authorities
Prepare necessary documents including an investment memoranda and
communications
briefings to relevant stakeholders, potential Investors, regulatory authorities
Prepare necessary documents including an investment memoranda and
communications
Compile
a comprehensive list of potential investors and use his/her network of contacts
to initiate discussions
a comprehensive list of potential investors and use his/her network of contacts
to initiate discussions
Prepare
comprehensive data to assist potential investors in their due diligence
of BDF
comprehensive data to assist potential investors in their due diligence
of BDF
Supervise
any due diligence exercises to be conducted by potential investors
any due diligence exercises to be conducted by potential investors
Negotiate
pricing and technical terms with investors on their entry
pricing and technical terms with investors on their entry
Arrange
and convene meetings of BDF and potential investors
and convene meetings of BDF and potential investors
Fees
On
completion of a transaction, an agreed
completion of a transaction, an agreed
Implementation
Arrangements
Arrangements
The
Financial Advisor will report to the CFO and Fund Manager during the duration
of the assignment.
Financial Advisor will report to the CFO and Fund Manager during the duration
of the assignment.
Time
Frame
Frame
The
duration of the assignment is to last for One (1) year.
duration of the assignment is to last for One (1) year.
Support
BDF
will provide support including making appointments, organizing meetings and any
other provision necessary to facilitate the work of the Financial Advisor.
will provide support including making appointments, organizing meetings and any
other provision necessary to facilitate the work of the Financial Advisor.
Qualifications
Interested
eligible firms/individuals must meet the following minimum criteria:
eligible firms/individuals must meet the following minimum criteria:
The
Financial Advisor has been working internationally and across the Africa
Continent (within Rwanda and the East African Community will be an added
advantage) for a significant amount of time, providing financial advice in
capital raising and has as such developed tremendous experience.
Financial Advisor has been working internationally and across the Africa
Continent (within Rwanda and the East African Community will be an added
advantage) for a significant amount of time, providing financial advice in
capital raising and has as such developed tremendous experience.
The
Financial Advisor has extensive knowledge and experience of international
Private Equity and Venture Capital financing mechanisms.
Financial Advisor has extensive knowledge and experience of international
Private Equity and Venture Capital financing mechanisms.
The
Financial Advisor has worked for a number of corporate clients on transactions
that involved capital raising or funds mobilization directly or indirectly.
Financial Advisor has worked for a number of corporate clients on transactions
that involved capital raising or funds mobilization directly or indirectly.
The
Financial Advisor should provide relevant documentary evidence of his/her track
record in this type of assignment/ similar accomplishments with appropriate
references and client lists.
Financial Advisor should provide relevant documentary evidence of his/her track
record in this type of assignment/ similar accomplishments with appropriate
references and client lists.
The
Financial Advisor has a broad network of contacts in the Private Equity and
Venture Capital Industry that sihe could leverage
Financial Advisor has a broad network of contacts in the Private Equity and
Venture Capital Industry that sihe could leverage
The
Financial Advisor has in-depth technical knowledge of structuring Equity
transactions
Financial Advisor has in-depth technical knowledge of structuring Equity
transactions
Required
documents
documents
EOls
from eligible individuals should specify the following relevant information in
order to be considered
from eligible individuals should specify the following relevant information in
order to be considered
- A
cover Letter explaining your interest for the Financial Advisory
assignment - Your
understanding of the Financial Advisor assignment - A
detailed firm profile and/or a copy of Curriculum Vitae - Evidence
of the track record in this type of assignment and the relevant industry - Provide
a proposed Work plan and Methodology on how you will approach and conduct
the assignment
Completed
EOls in sealed envelopes should he addressed to:‑
EOls in sealed envelopes should he addressed to:‑
The
Chairperson
Chairperson
Procurement
Committee,
Committee,
HOF
Building, KN 2, Av 34 Muhima, Nyarugenge P.O. Box 966 Kigali – Rwanda, Tel 🙁
+250) 252 579 870/71
Building, KN 2, Av 34 Muhima, Nyarugenge P.O. Box 966 Kigali – Rwanda, Tel 🙁
+250) 252 579 870/71
And
must be deposited at the BDF Reception
desk on or before the 191″ June, 2015 at 11.00AM
must be deposited at the BDF Reception
desk on or before the 191″ June, 2015 at 11.00AM