Bain to Acquire Everllence from Volkswagen for €7.4 Billion

"Paul, Weiss advised Bain Capital on financing for its €7.4 billion acquisition of a majority stake in Everllence from Volkswagen AG. The carve-out leaves Volkswagen with a significant minority stake. Everllence is a German developer and manufacturer of marine and power engines and turbomachinery serving shipping, naval defense, power generation and industrial processing."

Paul, Weiss advised Bain Capital on the financing of its €7.4 billion acquisition of a majority stake in Everllence from Volkswagen AG. The transaction will see Bain Capital acquire a majority stake in Germany-based Everllence, a leading global developer and manufacturer of marine and power engines and turbomachinery that serves customers in global shipping, naval defense, power generation and industrial processing. The deal, one of the most eagerly anticipated in Europe, is structured as a carve-out from Volkswagen, which will retain a significant minority stake in the company. Paul, Weiss represented Bain Capital with a team composed by: corporate partners Neel Sachdev, Kanesh Balasubramaniam and Marco Bagnato; counsel Lucy Jenkins; and tax partner Timothy Lowe.

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Bain to Acquire Everllence from Volkswagen for €7.4 Billion

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Bain to Acquire Everllence from Volkswagen for €7.4 Billion

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