The Volkswagen Group has entered into an exclusive arrangement with private investment firm Bain Capital for the sale of its majority stake in Everllence – formerly MAN Energy Solutions.
Under the agreement, 51% of Volkswagen’s shares are to be transferred to Bain Capital. Volkswagen will retain a 49% stake and says in the medium term it intends to remain a major shareholder in Everllence.
The transaction is subject to the completion of the information and consultation process in France and other customary conditions, including obtaining the required regulatory approvals.
The envisaged transaction will generate proceeds of approximately 7.4 billion euros for Volkswagen which acquired the company in 2018.
Safeguards agreed
As part of the transaction, safeguards for the company’s German sites have been agreed: the sites in Augsburg, Oberhausen, Berlin, Hamburg and Ravensburg will be retained under the new ownership structure at least until the end of 2030.
Compulsory redundancies are ruled out during this period.
Everllence is a leading manufacturer of large engines, turbomachinery and decarbonisation solutions with around 16,000 employees and revenue of 4.9 billion euros.
“The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory,” said Uwe Lauber, CEO of Everllence.
“Bain Capital’s financial strength, strategic expertise and global network are expected to strengthen our position to drive innovation, scale up cutting-edge technology and tap into new markets.”
Financial flexibility
Oliver Blume, CEO of the Volkswagen Group added: “Over the past few years, Everllence has developed into a success story that we can be proud of.”
He continued: “Now is the right time to explore the next step – to sell the majority stake to a new, strong partner.
“We want to create added value for everyone with this step: leaner structures and processes will give Everllence the opportunity to achieve further growth in attractive markets such as data centers, the energy sector and shipping.
“At the same time, it will allow us to focus even more strongly on our core business.”
The transaction will allow the Volkswagen Group to reduce the complexity of its structures, streamline its management, strengthen its financial position and increase its financial flexibility.
As at May 31, 2026, the book value of Everllence amounted to approximately 3.4 billion euros.
