Media centre

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

Tinsa
23 May 2017

Tinsa continues expansion in Europe with the acquisition of Troostwijk Groep

Madrid, 23 May 2017 – Tinsa Group (‘Tinsa or ‘the Group’), the market leader in real estate valuation and consultancy services in Spain and Latin America, today announces that it has completed the acquisition of 100% of Troostwijk Groep (‘Troostwijk’), a Dutch-headquartered business specialising in the valuation of real estate, plant and machinery and the loss assessment of large insurance claims. The financial consideration is not undisclosed. Following this transaction, Tinsa’s expected turnover for 2017 is over €120 million, with an increase in the number of employees to more than 800.

Established in 1930, Troostwijk is the leading valuation business in the Netherlands. It is also the leading loss assessor of major claims and assets for insurance purposes in the Dutch market. It employs 160 people.

The acquisition of Troostwijk is a key milestone in Tinsa’s European expansion strategy. "This transaction is a very important step for Tinsa. It will enable the Group to both expand into Western Europe, as well as widen its product offering with Troostwijk’s insurance asset and plant valuation services.” Ignacio Martos, Chairman and CEO of Tinsa Group commented.

Ben Osnabrug, Senior Principal at Cinven, said: “Cinven has a strong track record of successfully growing businesses across Europe and internationally. Tinsa’s acquisition of Troostwijk reflects our strategy of supporting the companies in which we invest to grow both geographically and through product expansion.”

Troostwijk will continue to operate in the Netherlands under its own brand, led by Wiebe Westerhof, the current CEO. Mr. Westerhof will also join Tinsa’s Executive Management Committee.

Tinsa will continue to invest significantly in technology that enables the company to both improve its customer service, through the smart use of its database, and also drive solid growth across all markets in which it operates.

With revenues of €90 million in 2016, Tinsa is one of the largest independent real estate valuation companies worldwide and its growth strategy includes the continuing consolidation and strengthening of this position by acquisition and organic growth. Other recent acquisitions include Logical Value in Ecuador (April 2016) and Bancol in Columbia (July 2016). Following the acquisition of Troostwijk, Tinsa’s international activity will represent 30% of Group turnover.

About Tinsa (@Tinsa)

  • Tinsa is one of the largest appraisers in the world and number one in Spain and Latin America, where it is a leader in valuation and real estate advice.
  • It performs valuations of real estate for multiple purposes including mortgage applications and property evaluations for inheritance and accounting purposes.
  • It also provides benchmark valuations in expert evidence, and in technical and energy consulting.
  • Its real estate valuation activity is complemented by Taxo, a subsidiary specialised in the valuation of movable goods, works of art, jewellery and machinery.
  • Tinsa has been certified by the Royal Institution of Chartered Surveyors (RICS) since 2011 to conduct assessments under the international standard IVS.
  • In December 2016, Tinsa became the only Spanish company to be a member of the European AVM Alliance, the group of European companies that promotes the realisation of automatic valuations (AVM) with the highest standards of quality and reliability.
  • Tinsa began its international expansion in 1999 and now operates in more than 25 countries. Tinsa has offices in Spain, Portugal, Argentina, Chile, Colombia, Ecuador, the Netherlands, Mexico and Peru.

For more information, please contact:
Susana de la Riva
Director of Marketing y Communication
susana.delariva@tinsa.com

(+34) 91 372 7769 / 629426603

Portfolio company videos

 Clinical Trials

Bioclinica

Clinical Trials

 Travel services provider

Hotelbeds Group

Travel services provider

 Truck component manufacturer

Jost

Truck component manufacturer

 Footwear and accessories retailer

Kurt Geiger

Footwear and accessories retailer

 Contract research organisation

Medpace

Contract research organisation

 Electronic security and alarm systems

Pronet

Electronic security and alarm systems

 Property valuation and advisory services

Tinsa

Property valuation and advisory services

 Ufinet is a neutral telecom operator.

Ufinet

Ufinet is a neutral telecom operator.

 Business services software

Visma

Business services software

Media contacts

Cinven

Vanessa Maydon
Corporate Affairs Director
Tel : +44 (0)20 7661 3325
Mob : +44 (0)7802 961 902
Email : Vanessa Maydon

Clare Bradshaw
Communications Manager
Tel : +44 (0)20 7667 3248
Mob : +44 (0)7881 918 967
Email : Clare Bradshaw

UK - FTI Consulting

Edward Bridges
Tel : +44 (0)20 7269 7147
Mob : +44 (0)7768 216 607
Email : Edward Bridges

Stephanie Ellis
Tel : +44 (0)20 3727 1173
Mob : +44 (0)7890 543 056
Email : Stephanie Ellis

France โ€“ FTI Consulting

Guillaume Granier
Tel : +33 (0)1 47 03 68 61
Mob : +33 (0)6 32 65 79 28
Email : Guillaume Granier

Caroline Guilhaume
Tel : +33 (0)1 47 03 68 17
Mob : +33 (0)6 38 91 88 51
Email : Caroline Guilhaume

Germany - FTI Consulting

Lutz Golsch
Tel : +49 (0)69 920 37 110
Mob : +49 (0)173 651 7710
Email : Lutz Golsch

Daniel Herbert
Tel : +49 (0)69 920 37 183
Mob : +49 (0)151 122 63834
Email : Daniel Herbert

US - Joele Frank

Jonathan Keehner
Tel : +1 212.355.4449
Mob : +1 917 589 2073
Email : Jonathan Keehner

Julie Oakes
Tel : +1 212.355.4449
Mob : +1 917 574 7263
Email : Julie Oakes

Spain โ€“ Groupo Albion

Alejandra Moore Mayorga
Tel : +34 91 531 23 88
Email : Alejandra Moore Mayorga

Sofia Garcia
Tel : +34 91 531 23 88

Italy โ€“ Community Group

Roberto Patriarca
Tel : +39 02 89 40 42 31
Mob : +39 335 65 09 568
Email : Roberto Patriarca

Marco Pedrazzini
Tel : +39 02 89 83 66 21
Mob : +39 347 0369 222
Email : Marco Pedrazzini