The State Assets Management Agency of the Republic of Uzbekistan (hereinafter – the UzSAMA/The Seller) announces the selection of a professional consulting company (hereinafter – Consultant) for the privatization of the “Tashkent city” park (360º virtual tour) in accordance with the relevant privatization programs.

All interested applicants are invited to submit their commercial proposals based on this Request for Proposals (RfP) no later than 18:00 PM (Tashkent time) 23 May 2022.

It is expected that all proposals and advisory services required for the privatization of assets will be provided by consultants. 

Consultants may form a consortium to carry out the required scope of work or cooperatively provide joint proposals.

If the application is submitted by a consortium, a consortium agreement must be provided. If a joint proposal is submitted, a key consultant must be named who is also responsible for coordinating the work of the consulting partner involved and assumes responsibility.

It is noted that during the further operation of the "Tashkent city" park, the following obligations must be met:

to preserve current activity of the “Tashkent city” park;

no constructions of any capital buildings and structures;

no installation of "noisy" attractions;

to ensure the right of free entry and exit of residents of the international business center “Tashkent city” (citizens and employees living in this territory);

conservation of green area and agrotechnical maintenance of green areas;

creation of a parking lot in the relevant territory;

preservation of the workplace;

compliance with the moratorium on cutting down trees and shrubs.

Request for Proposals (RfP) for consultant for the privatization of the “Tashkent city” park

 Introduction

UzSAMA, in accordance with the privatization programs, announces the selection of a consultant for the privatization of the “Tashkent city” park as a property complex (hereinafter – the Transaction).

The sale process should be organized according to the best foreign and local practice, considering the industry and individual specifics of the Asset and the requirements of the legislation of the Republic of Uzbekistan.

 Briefly about the Asset

Asset’s address: Tashkent, Shaykhantakhur district, Yangi Toshkent str., 1;

Owner: SUE IBC “Tashkent city”;

Year of commissioning: 2020;

The total area of the “Tashkent city” park is 23.46 hectares;

Total area of buildings and structures: 3,933 sq.m;

The number of existing tenants is 17, the areas assigned to them are 1,860 sq.m.

 Expected structure of Consultants’ proposals and requirements for them

The proposal of the Consultant (individual applicant or consortium*) must be prepared in Russian/English or Uzbek, contain information about the following:

*If a consortium applies, it is asked to provide a consortium agreement, as well as specify the main Consultant (usually referred to as the leader of the consortium), coordinating and responsible for the work of the Consultant-partner involved. In this case, the total cost of services should be indicated.

a) The Consultant’s vision on the organization of work with a detailed description of the proposed actions for the privatization of the Asset. View on the duration of the process if the Consultant's recommendations and suggestions will be adequately responded to within a reasonably required time (up to 10 points);

b) A reward proposal. At the same time, the amount of remuneration depends on the proposed Sales Strategy and the Seller gives preference to offers that provide a proportional reward for the success (“success fee”) of the Transaction. The fixed part of the remuneration should be in the form of a single figure and free from the subjective assumptions of the Consultant himself. If the offer is presented at a price in the range, then its upper limit is taken to evaluate the offer. Possible additional operating expenses (for travel trip, transfer, etc.) should be included in a fixed part of the cost (up to 40 points);

c) Information about the Consultant’s experience in transactions with similar assets, including information about the Consultant’s mandates in the CIS region from January 1, 2017 – present. (up to 25 points);

d) Proposal on the organization of the Transaction in terms of project management (phases, considering completion date). Information about the team that is involved in the proposed Transaction, indicating the names of individuals and information about them: work experience, work experience, general experience in concluding transactions and specific experience in conducting transactions. The knowledge of the Uzbek language by the team members is welcomed (up to 25 points);

e) A written statement on the availability of sufficient competence, as well as human, time, and material resources to complete the tasks.

f) Information about the existence of a conflict of interest. Indicate whether the Consultant currently has a mandate for a potential transaction that may pose a conflict for them, if involved in this Transaction.

 Scope of work expected from a privatization Consultant

I. Market analysis in the field of fleet management

analysis of the market and prerequisites for the development of the industry in Uzbekistan and in the region, the necessary conditions for the development of industry enterprises; description of the basic rules for regulating the market of parks in Uzbekistan;

analysis of the experience of privatization of industry enterprises in other (including neighboring) countries, the main reasons for failures in the privatization of this type of asset, factors ensuring the success of privatization and further development of the industry;

development of the proposed business model (concept) of the “Tashkent city” park in the future.

II. Asset Analysis

description of the Asset, its market and competitive positioning;

risk analysis: identification of potential areas for concern about the Asset from the investor's point of view and the most common reasons for the failures of such transactions. Providing recommendations on measures to reduce the identified risks;

conducting legal expertise, including, but not limited to the study of issues on:

determining the ownership of a trademark, market brands and other aspects of intellectual property;

the right of ownership of assets, limited property rights established in favor of the Asset or the property of third parties, limited property rights established on the property of the Asset in favor of third parties;

claims and debts, the status of claims, as well as measures taken to recover debts and enforcement;

situations with compliance with labor and antimonopoly legislation, regulations on environmental protection;

recommendation on the mechanism of Asset privatization with a description of the sequence of actions and suggestions for the text of the announcement.

claims and debts, status of claims, as well as measures taken for debt collection and enforcement;

III. Consultations on pre-sale preparation of an Asset

proposals to increase the investment attractiveness of an Asset, improve the corporate structure and corporate governance based on best practices and a review of comparable analog companies during the pre-sale preparation period;

conducting a comprehensive (tax, legal, financial and environmental) analysis (due diligence) of an Asset;

recommendations on the optimal marketing strategy, preparation of marketing materials (teaser, information memorandum, procedural letter, etc.);

presentation of recommendations on building public relations, answers to their questions, PR strategies;

review of suitable valuation methodologies and their relevance to investors, providing recommendations on the cost range;

identification of key factors, key indicators and assumptions affecting the assessment, including from the investor's point of view;

involvement of other Consultants within the Project (if necessary) and coordination of their work.

IV. Transaction support

taking all measures aimed at privatizing the Asset, organizing a virtual data room (VDR) (as needed);

coordination of communication with potential applicants, including answers to questions from potential buyers;

support of the sale process with the preparation of all necessary documentation, including the draft contract of sale (with translation into Uzbek);

organization of closing and announcement of the Transaction.

Interested Consultants are asked to deliver a commercial offer to  the contact addresses listed below:

Jamol Akhmedov, Deputy Head of the state assets privatization Department of the State Assets Management Agency of the Republic of Uzbekistan;

Tel.: + 998-71-259-22-10; e-mail: privatization@davaktiv.uz;

Shokhabbos Abduazimov, Deputy Head of the department for ensuring the coordinated actions of the State Assets Management Agency of the Republic of Uzbekistan;

Tel.: +998-71-259-22-43; e-mail: cooperation@davaktiv.uz.

It is expected that the work on the Transaction will be carried out in close cooperation between the representatives of the Consultant, the Seller and the Asset, if necessary, with a visit to the Asset and providing practical assistance to the Asset team in data collection.

Disclaimer

This Request is not an offer, the Seller does not give any obligation to accept any offer or conclude any contract in accordance with this Request. Accordingly, this Request does not imply the conclusion of a contract by virtue of the publication of this Request and/or receipt of applications in connection with it, or through negotiations or discussions with one or more selection participants regarding the Project.

The materials and information contained in this document are intended to serve as a preliminary summary of only the most important aspects of the Project and a general indication of the scope of work that can be expected from a Privatization Consultant.

The Seller reserves the right to decide on the sale process, including on the basis of their recommendations.