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2 clusters · 6 sources · 12 days · First seen · Last updated

Volkswagen sale of Everllence stake to Bain Capital

Overview

Volkswagen Group has entered an exclusive agreement to sell a 51% stake in Everllence, formerly known as MAN Energy Solutions, to the investment firm Bain Capital. The leveraged buyout is valued at approximately 7.4 billion euros, though Volkswagen intends to retain a 49% stake for the long term.

The divestment follows a competitive process involving roughly 20 interested parties. CEO Uwe Lauber described the sale as a strategic decision by Volkswagen as it manages financial and mobility-related challenges. The transition was coordinated with management and the works council to maintain investment capabilities.

The deal includes guarantees for the continuity of German sites in Augsburg, Oberhausen, Berlin, Hamburg, and Ravensburg until at least the end of 2030, with no forced redundancies during that period. Under current leadership, Everllence aims to expand in maritime transport, energy, and data centers by focusing on naval electrification and alternative fuels such as methanol, ammonia, and hydrogen.

Entities

Bain Capital · Everllence · Oliver Blume · Uwe Lauber · Volkswagen Group

Timeline

  1. 5 days ago

    [BUSINESS] 4 sources
    Bain Capital to acquire majority stake in Everllence from Volkswagen

    Bain Capital will acquire a majority stake in Everllence from Volkswagen, enabling the engineering firm to pursue further investment and growth.

  2. 16 days ago

    [BUSINESS] 2 sources
    Volkswagen sells 51% stake in Everllence to Bain Capital

    Volkswagen is selling a 51% stake in Everllence, formerly MAN Energy Solutions, to Bain Capital for 7.4 billion euros to accelerate decarbonization and maritime electrification efforts.

Sources

ikz-online.de · interempresas.net · nrz.de · quifinanza.it · tlz.de · wp.de