Bain Capital acquires majority stake in Everllence
The Volkswagen carve-out gives Bain a global manufacturer of marine and power engines, turbomachinery and decarbonization systems with about €5 billion in revenue.
Takeaways
- Bain Capital agreed to acquire a majority stake in Everllence from Volkswagen AG.
- Everllence has approximately €5 billion in revenue, around 16,000 employees and more than 140 service locations worldwide.
- The carve-out gives Bain exposure to marine engines, turbomachinery, naval defense, shipping decarbonization and data-center power demand.
Bain Capital agreed to acquire a majority stake in Everllence from Volkswagen AG.
Everllence develops and manufactures two-stroke and four-stroke marine and power engines, turbomachinery and decarbonization systems for customers in global shipping, naval defense, power generation and industrial processing.
The company has approximately €5 billion in revenue, around 16,000 employees and more than 140 service locations worldwide.
Volkswagen will retain a minority stake, and Bain said it will support growth in the service business, naval defense, alternative fuel platforms for shipping decarbonization and behind-the-meter power generation for data centers and industrial infrastructure.
The transaction is subject to regulatory approvals and customary closing conditions; financial terms were not disclosed by Bain.
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