Post by MergerLinks

Bain Capital, a private investment firm, agreed to acquire a 51% stake in Everllence, a German manufacturer of large diesel engines and turbomachinery, from Volkswagen Group, a Germany-based multinational automotive company, for €7.4bn ($8.4bn). Everllence led by Uwe Lauber. Volkswagen (led by Oliver Blume and Arno Antlitz) is advised by J.P. Morgan and Gleiss Lutz (led by Michael Arnold, Gabriele Roßkopf and Adrian Bingel). Bain Capital is advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP (led by Neel Sachdev, Kanesh Balasubramaniam and Marco Bagnato). https://lnkd.in/dkpBysNq #MergersAcquisitionsDivestitures #PrivateEquity #RenewableEnergyEquipment