Volkswagen Group enters exclusive deal to sell majority stake in Everllence to Bain Capital
Volkswagen Group has agreed to sell a majority stake in its industrial engine and decarbonization subsidiary Everllence to private equity firm Bain Capital.
- 16,000
- 4.9 billion euros
- approx. 3.4 billion euros
What Happened
Volkswagen Group has entered into an exclusive arrangement with Bain Capital to sell a majority stake in Everllence, a manufacturer of large engines and decarbonization solutions. The deal includes safeguards for German sites until at least 2030, ruling out compulsory redundancies. Completion is subject to regulatory approvals and information consultation in France.
“The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory.”
Everllence rebranded from MAN Energy Solutions
Book value of Everllence reported at approx. 3.4 billion euros
Volkswagen Group announces exclusive arrangement with Bain Capital
Why this matters
The sale allows Volkswagen to streamline its investment portfolio while giving Everllence access to Bain Capital's financial resources and expertise to accelerate growth in the energy transition market.
Terms in This Story
- Decarbonization
- The process of reducing carbon dioxide emissions, often by using cleaner energy sources or technologies.
- Leveraged buy-out
- A transaction where a company is acquired using a significant amount of borrowed money to meet the cost of acquisition.
Summarised from the linked release; details can be imperfect — always verify against the original source.