The GLOVAL Group, a provider of comprehensive valuation, engineering and real estate consulting services, has announced the signing of a binding agreement for its integration into the RINA Group, in a transaction that includes the acquisition of 100% of the company by RINA through its entity specialised in real estate services, Rina Prime Value Services. Gloval was majority-owned by Charme Capital Partners and Miura Partners.
The transaction, which is subject to approval by the Bank of Spain, will combine complementary capabilities and advanced technologies, creating a European platform capable of supporting clients throughout the entire life cycle of real estate assets: from greenfield and brownfield development to management and value enhancement.
The integration with the RINA Group, which is already active in Italy, the United Kingdom, Germany and Poland through its Real Estate platform, represents a significant strengthening of geographic coverage and consolidates an international integrated services platform aimed at funds, banks, institutional investors, public administrations and private clients.
With revenues exceeding €31 million and more than 270 professionals, mainly based in Spain and Portugal as well as other markets, GLOVAL is currently the third-largest Spanish operator in the real estate valuation sector.
The agreement represents a step forward for GLOVAL, as it entails joining a top-tier multinational group with a global presence and a solid track record of growth, enabling the company to accelerate its development plan, strengthen its technological capabilities and expand its international reach, while maintaining its close relationship with clients and its specialisation in the Iberian market.
For clients, the integration will translate into a more comprehensive value proposition, with enhanced analytical capabilities and broader geographic reach. Ugo Salerno, Executive Chairman of RINA, explained: “RINA has a strong track record of growth, also driven by strategic acquisitions that have allowed us to expand our capabilities and services and enter new markets over time. We are pleased to welcome GLOVAL to our Group, marking a new and important step along this path. This acquisition strengthens our presence in key growth markets and enhances our ability to create value throughout the entire life cycle of real estate assets. It fully reflects our vision of sustainable growth through the integration of specialised and differentiated expertise to maximise value for our clients.”
According to Carlo Luzzatto, CEO and Managing Director of RINA: “With the acquisition of GLOVAL, RINA further consolidates its international footprint in the real estate sector. The integration of GLOVAL’s professional expertise, together with continued investment in AI-based technologies for data analysis and development, will allow us to offer increasingly high-quality services to our clients. Our strategic plan envisages growth across all business lines, and this transaction confirms our strong commitment to real estate, a sector in which, in recent years, the services offered by RINA Prime Value Services have gained growing recognition and appreciation from the market.”
In the words of Roberto Rey, Chairman and CEO of GLOVAL: “The RINA Group is the ideal industrial partner for GLOVAL. This alliance allows us to combine our deep knowledge of the Iberian market with RINA’s scale and international experience, expanding the solutions and services available to banks, funds and investors, and further strengthening GLOVAL’s role as a strategic partner for the real estate sector in Spain and across Europe.”
New Deal acted as financial and tax advisor to RINA. RINA was also supported by Roland Berger for business due diligence. Cuatrecasas acted as legal, labour and HSE advisor, and EY supported RINA in IT due diligence.
About Gloval
Gloval is a leading firm in comprehensive valuation, engineering, consulting and data analysis services. Established through the integration in 2017 of companies with a strong market positioning, more than 70 years of accumulated experience and over 5 million valuations carried out, it provides services across the entire value chain of the real estate sector.
Gloval’s professional ecosystem comprises a team of more than 1,000 professionals, with presence throughout Spain and international coverage through operations in countries such as Portugal, Greece, Brazil, Cape Verde, Angola and Mozambique.
Gloval is trusted by the main players in the real estate sector, and its current diversification strategy focuses on expanding its service portfolio, addressing the needs of new sectors and clients, and continuing its international expansion.
For more information, visit www.gloval.es
About RINA
RINA provides a wide range of services across the Energy, Marine, Infrastructure and Mobility, Certification, Industry and Real Estate sectors. Since December 2023, alongside its majority shareholder Registro Italiano Navale, Fondo Italiano d’Investimento SGR has joined its shareholder structure together with a group of co-investors led by that entity. With revenues of €915 million in 2024, more than 6,600 employees and 200 offices in 70 countries, RINA participates in major international organisations, contributing to the development of new regulatory standards.
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