Tinsa (the ‘Group’), a leading provider of property valuation, analysis and real estate data in Europe and Latin America, today announces that it has appointed James Cornell, as Chairman and CEO. Cornell was previously the Founder and Group CEO of Lowell, the pan-European credit management business. He succeeds Ignacio Martos, who will remain a senior advisor to the Tinsa Board.
Cornell has a significant track record of working in highly regulated industries including financial services, technology and data for more than 25 years. He is also highly entrepreneurial, in 2003 he founded Lowell, a consumer-focused credit management start-up which, under his leadership, grew to become one of the largest Pan-European players. When Cornell stepped down as CEO, the business employed over 5,000 people across the UK, Nordics and DACH regions with an EBITDA of more than €500m. Since 2019, James Cornell has worked as an operating partner within the private equity industry.
Cornell is joining Tinsa focused on building the Group’s international growth and technological innovation which has seen Tinsa double its turnover over the last five years. In addition to strengthening its global position as a valuation company, Tinsa has acquired leading technology companies for processing and analysing large databases.
“Ignacio Martos and the team at Tinsa have done a fantastic job of building a very successful Group with strong positions in each of its markets. I am really excited about the opportunity to continue expanding on Tinsa’s impressive track record to date,” says James Cornell.
In the 2021 financial year, Tinsa Group generated a turnover of €183 million, an increase of 13.7% on the prior year. More than half (52%) of Group revenue was generated from international markets.
Tinsa will continue to pursue a growth strategy through both acquisition and organic growth. In the last 12 months, the Group acquired three companies to analyse new acquisition opportunities that fit within its model of incorporating local knowledge and creating technological and business synergies, in both valuation and data processing.
The Group operates across 16 countries and employs more than 1,300 employees and has a network of more than 2,000 external technicians in Europe, Latin America and Africa.