September 2017: Private Equity funds Miura and Charme have jointly acquired majority ownership in the Spanish appraisal companies Ibertasa, Valtecnic and VTH
Ibertasa is the #4 appraisal company in Spain, with approximately €20m of revenues in 2016. The company, which completed over 77.000 appraisals for circa. 20 banks last year, employs c.150 people and has a network of over 600 external appraisers
Valtecnic/VTH is the #3 largest Spanish appraisal company, registering €23m revenues in 2016
Miura and Charme, which coinvest in the project with similar resulting stakes in the combined group, seek to benefit from the Spanish real estate market recovery and participate in a consolidation process going forward. Both of Ibertasa and Valtecnic management teams reinvest in the project, although each company will continue to operate independently in the immediate future
