TÜV SÜD AG & Persch Consult GmbH

10. March 2023

The acquisition of TÜV SÜD ImmoWert GmbH strengthens Persch Consult’s positioning as the leading independent real estate valuation company in Germany.

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 atares* 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.

Atares 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 atares, 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.

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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 atares

Atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.