Advent International announced Wednesday that it had acquired a 94.5% stake in the Spanish property valuation business Tinsa.
The transaction is valued at 100 million euros and has received approval by the Bank of Spain.
Tinsa expects to turn out over 240,000 propery valuation represting an approximate valuation volume of over 160 billion euros, with an expected revenue stream of 80 million euros.
Tinsa was previously owned by a consortium of 35 Spanish savings banks together with the Sapnish Confederation of Savings Banks (CECA).
Advent International is one of the world’s leading global buyout firms, with offices in 17 countries on four continents.