Closed

Grimsby Institute of Further and Higher Education - The Provision of Legal Due Diligence Services for the proposed merger of The TEC Partnership and East Riding College.

Grimsby Institute Of Further & Higher Education · Value not published · closes 16 Oct 2019

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Estimated value

Closed

Deadline

26 Sept 2019

Published

This tender has closed.

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About this contract

The TEC Partnership is the main trading brand and subsidiary companies of the Grimsby Institute of Further and Higher Education (GIFHE). Legal requirements, policies, data protection registration and other documentation relating to or as part of the operation of brands are part of GIFHE's legal status. This invitation to tender is for the appointment of legal professional advisors for The TEC Partnership to support the college in considering a potential merger between Grimsby Institute of Further and Higher Education and East Riding College ("the Project"). Each college will be appointing independent of each other. It is anticipated that the tenderer will apply for one or the other but not both. The Project requires capable professional resources to be available immediately in order to support the due diligence phase of the Project as the Colleges intend to start this process imminently and to complete it within a tight timeframe. The objective of the legal due diligence report will be to provide an assurance that the transferee college is capable of taking on the assets and liabilities of the transferring college and comfort over the legal viability of the transferee college once it has taken on students, staff, assets and liabilities of the transferring college. The colleges require that by the end of the due diligence timetable they: • are in receipt of a due diligence report and supporting documentation to enable the colleges to make an assessment of the merger opportunity • have all the information needed to be able to make a fully informed decision as to whether to proceed with the merger. A prime objective of the professional adviser will be to identify any key issues and risks in connection with the proposed merger. The ITT document is attached to this notice. Please read the tender document carefully and ensure that for all elements required you provide evidence or a statement to fulfil the requirements.