Volkswagen Sells Everllence Stake to Bain Capital for €7.4 Billion as German M&A Tops $120 Billion
Updated
Updated · Bloomberg · Jun 25
Volkswagen Sells Everllence Stake to Bain Capital for €7.4 Billion as German M&A Tops $120 Billion
3 articles · Updated · Bloomberg · Jun 25
Summary
Volkswagen’s sale of a stake in marine engine unit Everllence to Bain Capital will bring in about €7.4 billion, marking the latest major German deal announced this year.
Everllence had drawn interest from multiple private equity suitors and had long been viewed as a prized industrial asset, helping drive the auction’s value.
Bain Capital emerged after advanced talks reported a day earlier, beating rival interest from CVC Capital Partners and an EQT-led consortium.
Germany’s deal volume has now surged past $120 billion, with the Volkswagen transaction joining deals involving Kone and RWE in one of the country’s busiest M&A years in decades.