Volkswagen to sell majority stake in Everllence to Bain Capital

25 June 2026

The Volkswagen Group has entered into an arrangement with Bain Capital for the sale of its majority stake in Everllence—formerly MAN Energy Solutions. With this transaction, 51% of the Everllence shares are to be transferred to Bain Capital. In the medium term, Volkswagen intends to remain a major shareholder in Everllence with a 49% stake.

The leveraged buy-out transaction is expected to generate proceeds of about €7.4 billion ($8.4 billion) for Volkswagen. The transaction is subject to employee negotiations and regulatory approvals, which Volkswagen intends to complete by the end ​of the year.

Everllence is a world-leading developer and manufacturer of marine and stationary engines—including the two-stroke MAN B&W diesel and dual-fuel engines—as well as turbomachinery and other engine components. The company is serving customers in global shipping, naval defense, power generation and industrial processing.

Under the deal, the company’s sites in Augsburg, Oberhausen, Berlin, Hamburg and Ravensburg will be retained under the new ownership structure at least until the ⁠end ​of 2030.

Everllence has 16,000 employees across its operations in Europe, Asia, and the Americas and revenue of €4.9 billion. As at May 31, the book value of Everllence in the balance sheet of Volkswagen AG amounted to about €3.4 billion.

Bain Capital is one of the world’s leading private investment firms, with 24 offices on four continents, more than 2,000 employees, and approximately $225 billion in assets under management.

Source: Everllence