Sell Side Services
The City of Milwaukee (City) seeks to engage a Sell Side Advisor Team to provide comprehensive Sell Side Services relating to the Water Works of the City.
Pursuant to City of Milwaukee (the City) Common Council File #081086 (see attached), the Comptrollers office of the City is soliciting proposals from qualified firms to serve as a Sell Side Advisor Team in the exploration of publicprivate partnership (PPP) opportunities related to the Citys Water Works as described below. The Sell Side Advisor Team will provide a complete range of sell side services, including valuation, financial, technical and legal related services for a potential long-term lease of the utility, for the evaluation and execution of alternatives that may be in the Citys best interest.
The City intends to explore the feasibility of entering into a long term agreement with a qualified private entity involving the long term transfer of public assets - asset management rights of the Water Works - in exchange for a range of financial, liability transfer, and risk mitigation benefits. The City is looking at ways to provide an ongoing new revenue source for the City. Should the utility be leased, it is anticipated that the net proceeds will be placed in an endowment type fund in order to provide the City with a stable source of new revenue.
