Stories
Bain Capital Funds Acquire Majority Stake in Volkswagen's Everllence Unit
- •The Competition Commission of India (CCI) has approved the acquisition of a majority stake in Volkswagen's engineering unit Everllence by investment funds managed or advised by Bain Capital.
- •The transaction involves the indirect acquisition of shares and voting rights in Everllence SE by Nikolaus Bidco, a special purpose vehicle ultimately controlled by Bain Capital funds.
- •Everllence, a wholly owned subsidiary of Volkswagen, specializes in propulsion, decarbonization, and efficiency solutions for the marine industry, energy sector, and industrial applications.
- •The company's business is structured into three divisions: two-stroke engines, four-stroke engines, and turbomachinery, offering comprehensive lifecycle service solutions through its PrimeServ organization.
- •Bain Capital, a private investment firm based in Boston, invests across various sectors including information technology, healthcare, retail, communications, financial services, and industrial businesses.
Key Questions Answered
The Competition Commission of India approved the purchase of a majority stake in Volkswagen's engineering unit Everllence by investment funds managed or advised by Bain Capital. The deal involves the indirect acquisition of shares and voting rights through a special purpose vehicle called Nikolaus Bidco.
Everllence specializes in propulsion, decarbonisation, and efficiency solutions for the marine industry, the energy sector, and industrial applications. Its business operations are structured into three main divisions: two-stroke engines, four-stroke engines, and turbomachinery.
The acquisition is being carried out through a special purpose vehicle named Nikolaus Bidco, which is ultimately controlled by investment funds managed or advised by Bain Capital.
