BAIN CAPITAL takes majority stake in Everllence

Bain Capital has entered into an agreement with Volkswagen Group to acquire a majority stake in Everllence, formerly known as MAN Energy Solutions, through a carve-out transaction. Volkswagen will retain an equity interest in the company and remain a long-term partner. The transaction provides Everllence with a new platform for independent development while giving the business access to Bain Capital’s industrial expertise and global operational resources. Following completion, the strategy is expected to focus on expanding the company’s service activities across its installed base, strengthening its position in naval defence, accelerating alternative-fuel platforms supporting the decarbonisation of maritime transportation, and developing distributed power-generation solutions for data centres and industrial infrastructure. The transaction therefore represents a sponsor-led carve-out acquisition, enabling Bain Capital to take control of a strategic industrial asset previously owned by an automotive group while Volkswagen remains invested in the business. Completion remains subject to regulatory approvals and customary closing conditions.