Cinven places Tinsa on the market for more than €500M

Cinven places Tinsa on the market for more than €500M

Already considered the largest private equity operation on the Spanish market in 2021, the operation is currently under due diligence since Rothschild is still analysing the company’s financial data. According to newspaper Expansión, the first buying bids should only be known between March and April. Amongst the main interested parties should be venture capital funds, pointed out the experts.

The number on the table is almost twice as much as what Cinven paid in 2016 for the acquisition of Tinsa from Adven Internacional. In fact, since then, the fund expanded Tinsa through the acquisition of other companies, such as Persch Consult, the second-largest appraiser in Germany, and LKS Tasaciones, which allowed it to reinforce its presence in Northern Spain.

Currently, Tinsa has more than 1.200 employees and more than 2.000 external valuers across 25 countries worldwide, with the ability to perform more than 3.000 property valuations annually. The appraiser presided by Ignacio Martos has around 100.000 clients including over 90% of the Spanish banks.

The company established in 1985 is a provider of property valuation, analysis and real estate advisory services to financial institutions, corporations, the public sector and private individuals in Europe, Latin America and Africa, it can be read on Cinven's official webpage.

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