en.Wedoany.com Reported - Volkswagen Group announced on June 25, 2026, that it has signed an exclusive agreement with U.S. private equity firm Bain Capital to sell a 51% stake in marine propulsion systems supplier Everllence for approximately €7.4 billion (around $8.4 billion). Volkswagen plans to continue as a major shareholder with a 49% stake in the medium term. This leveraged buyout values Everllence at roughly €14.5 billion, making it one of the largest private equity transactions in Europe in 2026.
Headquartered in Germany, Everllence is a global leader in large engines, turbomachinery, and decarbonization solutions, employing approximately 16,000 people across more than 140 locations worldwide, with revenue of around €4.9 billion in 2025. Formerly known as MAN Energy Solutions, the company was renamed Everllence in June 2025. Everllence primarily provides propulsion systems for cargo ships, tugboats, and power generation equipment, as well as decarbonization solutions for data centers and the energy industry. Its operations span the maritime, energy, and industrial sectors, and in recent years, it has benefited from the energy transition, global infrastructure expansion, and growing electricity demand driven by data centers, with order books consistently reaching record levels.
For Volkswagen, this sale is a key step in streamlining its portfolio and focusing on its electrification transformation strategy. Volkswagen has committed to investing €120 billion by 2028 in electric vehicle models, battery factory construction, and automotive software development. Volkswagen Group Chief Financial Officer Arno Antlitz stated that the partnership with Bain Capital will enable Everllence to independently pursue its growth strategy while maintaining its technological leadership. Bain Capital plans to invest in expanding the division's service network and developing low-emission engine technologies to meet increasingly stringent International Maritime Organization regulations.
The transaction is expected to close in the fourth quarter of 2026, subject to approval from antitrust regulators in the European Union, the United States, and China, as well as the completion of information and consultation procedures with employee representative bodies as required by French and other national laws. Goldman Sachs is advising Volkswagen on the sale, while JPMorgan Chase is advising Bain Capital.
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