April 2016: International Private Equity Fund Cinven has acquired a majority stake in the Spanish group Tinsa, owned by Advent International.

Tinsa is the leading real estate valuation and assessment group in Spain and Latin America. With more than 30 branches, 600 employees and 2,000 external appraisers, Tinsa currently produces over 300,000 reports annually serving financial institutions, SMEs and individuals.

Advent International, the US-based Private Equity Fund, acquired Tinsa from 35 savings banks at the end of 2010.

The transaction has been carried out via a competitive disposal process, attracting great interest from both financial and industrial investors.

SOCIOS has advised Cinven on the buy-side mandate.