Proventis Partners advised TÜV SÜD AG

München, March 10th – TÜV SÜD advised by Proventis Partners on the sale of its property valuation subsidiary TÜV SÜD ImmoWert to Tinsa Group.

The Transaction

Persch Consult GmbH | Chartered Surveyors which is part of the Spanish Tinsa Group (a portfolio company of the international private equity company Cinven) and a leading provider of independent real estate valuation in Germany is growing with the acquisition of TÜV SÜD ImmoWert GmbH, the property valuation subsidiary of the international group TÜV SÜD. Starting from 01. March 2023 TÜV SÜD ImmoWert GmbH is named PCCS Immowert GmbH. The company is ranked in the top 10 of the German real estate appraisers. 

In the transaction process led by Proventis Partners as M&A advisor, 100% of the shares in TÜV SÜD ImmoWert GmbH were sold to Persch Consult in a share deal. The aim of the buyer is to sustainably continue the growth course of both companies in the field of independent real estate valuation in Germany. 

The role of Proventis Partners

Proventis Partners acted as exclusive M&A advisor to TÜV SÜD AG from preparation until closing of the transaction. In addition to the running of a structured sales process, the advisory services included the preparation of marketing and transaction documents, identification and approaching of potential investors including management presentations as well as support in the due diligence and contract negotiation of the transaction.  

The transaction team of Proventis Partners, Rainer Wieser (Partner, Munich) and Daniel Oberhumer (Director, Munich), achieved the transaction objectives for TÜV SÜD AG by establishing a trustful communication between buyer and seller as well as all other involved advisors and stakeholders and by a solution-oriented negotiation approach and ensured a smooth project flow in all phases. 

About TÜV SÜD ImmoWert GmbH

TÜV SÜD ImmoWert GmbH is a company established specifically for real estate valuation, with eight locations throughout Germany. The service area offers mortgage lending and market value appraisals in accordance with ImmoWertV for the German and international insurance and finance industries, as well as market value appraisals. The valuation covers all types of residential and commercial real estate as well as special and management properties. 

For more information, visit: https://www.tuvsud.com/de-de/ueber-uns/unsere-gesellschaften/immowert 

About TÜV SÜD AG

TÜV SÜD AG is one of the world’s leading technical testing organizations with over 150 years of corporate history. Today, the company has more than 25,000 employees at over 1,000 locations. The company’s aim is to inspire trust in technology, enabling progress by managing technology-related risks and facilitating change.

 For more information, visit: www.tuvsud.de 

About Persch Consult

Since the integration into the Tinsa Group at the end of 2020, Persch Consult GmbH | Chartered Surveyors, approved by HypZert and regulated by RICS, has recorded above average organic growth, thanks to a strategy of standardising fully digitized processes with financial institutions, which has allowed it to double in size and become one of the market leaders in Germany. 

For more information, visit: www.perschconsult.de  

About Tinsa Group

Since it was established in Spain over 30 years ago, Tinsa has been the leading property valuations company. Owned by the international private equity company Cinven, Tinsa has consolidated itself as an international, diverse group and as a leader in property valuations, consultancy and smart data services. It has offices in over ten countries in Europe, Latin America and Africa. 

For more information, visit: www.tinsa.es 

About Proventis Partners

Proventis Partners is a partner-led M&A consultancy whose clients include mainly medium-sized family businesses, corporate subsidiaries and Private Equity funds. With more than 30 M&A advisors, Proventis Partners is one of the largest independent M&A advisories in the German-speaking region and can look back on more than 20 years of M&A experience and more than 400 completed transactions. The M&A consultants with offices in Düsseldorf, Hamburg, Munich and Zurich are active in the sectors Industrials, Chemicals, Business Services, Consumer & Retail, as well as IT & Media. The exclusive membership in Mergers Alliance – an international partnership of leading M&A specialists – enables Proventis Partners to support clients in 30 countries in the most important markets worldwide. Mergers Alliance members, with over 250 M&A professionals, provide Proventis Partners and thus its clients with unique access to local markets in Europe, North America, Latin America, Asia and Africa.