Advent International has agreed to sell its stake in Tinsa, a leading provider of property valuation, analysis and real estate advisory services, to Cinven. The contractual parties have agreed not to disclose the purchase price. However, market sources say that Advent International acquired the firm in 2010 for €100m and speculate that the company could now fetch up to €350m. With Advent’s support, Tinsa has become the largest real estate appraisal firm in Spain and Latin America. It currently operates in more than 25 countries, with a focus on Latin America. It has offices in Argentina, Chile, Peru, Mexico, Colombia and Portugal.
