The Spanish Property valuation company TINSA, has been acquired by Advent, a Boston based private equity firm.
TINSA publishes an index of Spanish Property prices based on valuations.
Advent paid 100M Euros for a 94.5% stake in TINSA. TINSA posted a turnover in excess of 80Million Euros for 2010.
Advent are hoping to grow the company by expanding into other regions and by buying up other similar businesses.
It is rumoured that Advent are also looking at Servetas, another Spanish valuations company.
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