Volkswagen Group to sell majority stake in Everllence to Bain Capital

Photo: Everllence

The Volkswagen Group is to sell a 51% majority share in Everllence to Boston-headquartered private investment firm Bain Capital, but says that, in the medium term, it intends to remain a major shareholder in Everllence with a 49% stake.

The planned leveraged buy-out transaction will generate proceeds of approx. EUR 7.4 billion for Volkswagen.

“The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory,” said Everllence CEO Uwe Lauber. “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. At the same time, we are committed to remaining a reliable partner for our customers – with the clear ambition of making key industries worldwide more efficient, successful and climate-friendly.”

Bain Capital says that it will work closely with Everllence’s management team and Volkswagen to support the company’s next phase of growth. Specific areas of focus include expanding the company’s service business with its global installed customer base; investing in the company’s growing role in naval defense, where demand across Europe and beyond is accelerating; supporting the continued development of alternative fuel platforms for the decarbonization of global shipping; and capturing the significant opportunity in behind-the-meter power generation for data centers and industrial infrastructure.

“At Bain Capital, we have always believed that the right partnership is how exceptional outcomes are created. We invest in people as much as companies, and we take a long view. Under Volkswagen’s ownership, Everllence has developed into a global platform with a strong management team and a clear vision for where it is headed. We are glad to be working alongside the management team and Volkswagen to help realize that vision,” said Dr. Michael Siefke, a partner and chair of Europe private equity at Bain Capital.

“We believe in Everllence as a global technology leader in maritime decarbonisation, naval defence and distributed industrial power. Everllence is uniquely positioned to enable energy transition in global seaborne trade and address increasing power needs from accelerating data centre energy demand. It’s products and services are supporting customers globally at the core of their operations. We are excited to partner with the team on the journey ahead,” said Florian Taufmann, a partner at Bain Capital.

With around 16,000 employees and revenue of 4.9 billion euros, Everllence is among the world’s leading manufacturers of large engines and turbomachinery. Since its acquisition by the Volkswagen Group eight years ago, the company (previously MAN Energy Solutions). has been strategically realigned, operationally streamlined and repositioned in June 2025 under the name Everllence.

As at May 31, 2026, the book value of Everllence SE in the balance sheet of Volkswagen AG amounted to approx. EUR 3.4 billion euros.

As part of the transaction, safeguards for the Everllence’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.