Cinven acquired Tinsa in 2016. Now, after almost five years, it has decided to sell the real estate company for which it hired two investment banks: Evercore y Rothschild, according to Cinco Días.
The last bids should be submitted by the last week of May and Cinven will then select the two finalists, which will enter the due diligence phase and have one month and a half to submit their final bids. The goal is to select the winner by July, the latest.
If in the end Blackstone, CVC, Centerbridge or PAI were to buy Tinsa, it would be the third time the company would be acquired by a venture capital fund, since Cinven acquired it from Advent.
Nevertheless, there is the possibility that another competitor acquires Tinsa. American JLL is analysing submitting a bid, and so could American Appraisal, a branch from American appraiser Duff&Phelps.
Offices in 15 countries
Tinsa has more than 35 years of experience in assessing real estate of any type for any purposes. The company is also an expert in assessing tangible and intangible real estate assets and in providing assessments for the Insurance sector.
The company has offices in 15 countries (Germany, Argentina, Austria, Belgium, Chile, Colombia, Denmark, Ecuador, Spain, Italy, Morocco, Mexico, Netherlands, Peru and Portugal) and in 2021, the group’s international activities will represent 50% of all its business.