Cinven has today completed the acquisition of Tinsa, a leading provider of property valuation, analysis and real estate advisory services in Europe and Latin America.
Cinven's Business Services and Iberian teams identified Tinsa as an attractive investment opportunity based on its strong market positioning, first-class proprietary IT valuations solutions as well as high barriers to entry. Tinsa is well positioned to benefit from the recovery in the Spanish property market; the tighter regulatory environment in Spain which requires property appraisals for new property loans, as well as periodic valuations of Spanish banks' real estate portfolios. Additional growth opportunities are expected through client service delivery and operational improvements as a result of further investment in the Group's IT platforms and international expansion including potential consolidation in Latin America, the United States and Europe.
Tinsa represents the 16th investment from Cinven's Fifth Fund.