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Bain Capital May Acquire Volkswagen's Marine Engine Subsidiary Everllence
2 day ago /
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Author：小编
According to sources familiar with the matter, on June 25, Bain Capital will acquire a 51% majority stake in Everllence (Evinen), Volkswagen's marine engine division, outbidding other contenders including private equity firms that teamed up with Volkswagen's major shareholders. The deal values Everllence at between €8 billion and €9 billion and is expected to be one of the largest divestitures in the European industrial sector this year. Volkswagen is freeing up cash flow by selling non-core businesses to address significant layoffs and financial pressures in its automotive operations. Everllence, formerly known as MAN Energy Solutions, is a global leader in the marine and power plant engine markets, employing approximately 16,000 people.
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