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PE Firms Buy ACS Biz Unit

Spanish builder ACS has sold its service unit Clece to private equity firms Luxpeak and Mercapital Private Equity, Reuters reported. The deal is valued at 608 million euros ($860.6 million).

(Reuters) – Spanish builder ACS (ACS.MC) said on Friday it has sold all its stake in service unit Clece to private equity firms Luxpeak and Mercapital Private Equity for 608 million euros ($860.6 million). (Reporting by Judy MacInnes; editing by Sonya Dowsett)