Permira and Mercapital looking to buy ACS division
Permira and Mercapital are said to be in negotiations with ACS about the sale of its service division Clece.
The sale price is expected to be around €600m according to reports. ACS is looking to sell assets in order to pay down its debt and continue its expansion strategy.
Madrid-based Clece was founded in 1992 and provides cleaning services, maintenance and logistics, social services, airport, environmental, social catering and special employment centers. The company had a turnover of €1.1bn in 2010, an EBITDA of €80m and employs about 45,000 people.
More on Southern Europe
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Fondo Agroalimentare Italiano invests in Urbis Food
Deal marks the fund’s full deployment with more than EUR 50m invested across nine transactions
Intesa Sanpaolo investment banking head exits for BNP Paribas
Marco Lattuada previously oversaw activities including M&A and debt capital markets at the Italian firm
William Blair launches Madrid office, adds investment banking practice in Zurich
Álvaro Hernández to lead new Spanish branch; healthcare will be first focus of Swiss expansion
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds