Mexico-focused private equity firm Nexxus Capital and Spain-focused private equity firm MCH Private Equity have agreed to invest in Spain-based Pumping Team Holding, a concrete pumping services company with operations in Mexico and Spain. Nexxus will invest through Nexxus Capital Private Equity Fund VI, while MCH will invest through MCH Iberian Capital Fund IV. Concurrently, Pumping Team has agreed to acquire Mexico-based building materials company CEMEX’s ready-mix concrete pumping assets in Mexico for approximately US$80 million, plus an additional US$29 million purchase price contingent on future performance targets. The transaction, which is subject to approval from regulators in Mexico, is expected to close during the first quarter of 2017.