Bain Capital Acquires a Majority Stake in Everllence from the VW Group

Munich –– Kirk­land & Ellis advi­sed Bain Capi­tal on the exclu­sive agree­ment to acquire a majo­rity stake in Ever­l­lence from the Volks­wa­gen Group (“Volks­wa­gen”).

Bain Capi­tal is acqui­ring a 51% stake in Ever­l­lence. Volks­wa­gen plans to remain a major share­hol­der with a 49% stake. The tran­sac­tion is subject to the usual closing condi­ti­ons, inclu­ding regu­la­tory approvals. 

Ever­l­lence (form­erly MAN Energy Solu­ti­ons) is a leading global provi­der of propul­sion, decar­bo­niza­tion, and effi­ci­ency solu­ti­ons for the mari­time, energy, and indus­trial sectors. Ever­l­lence gene­ra­tes reve­nue of appro­xi­m­ately 5 billion euros and employs about 16,000 people at more than 140 loca­ti­ons in Europe, Asia, and the Ameri­cas. The company holds a leading posi­tion in each of its core busi­ness areas and serves custo­mers in the global ship­ping, naval defense, power gene­ra­tion, and indus­trial proces­sing sectors. With more than 140 loca­ti­ons world­wide, it opera­tes one of the industry’s most exten­sive after­mar­ket service networks. 

Advi­sors to Bain Capi­tal: Kirk­land & Ellis, Munich

Prof. Dr. Benja­min Leyen­de­cker, Dr. Philip Goj, Dr. Sebas­tian Heim (all lead coun­sel, all Private Equity/M&A), Dr. Alex­an­der Längs­feld (Debt Finance), Dr. Michael Ehret (Tax); Asso­cia­tes: Dr. Johan­nes Rowold, Dr. Marcus Comman­deur, Frede­rick Eggert, Dr. Jasper Wentz (Frank­furt), Dr. Pablo Tretow, Alex­an­der Stahl, Lionel Reich (all Private Equity/M&A), Dr. Barbara Dunkel, Dr. Laura Frömel, Alex­an­dros Peschos (all Debt Finance), Emanuel Götz (Tax).
Kirk­land & Ellis, London: Jacque­line Clover (Tech­no­logy & IP Tran­sac­tions); Asso­cia­tes: Erika Krum (Inter­na­tio­nal Trade & Natio­nal Secu­rity), Prasanth Kapi­lan (Tech­no­logy & IP Transactions)

About Kirk­land

With more than 4,000 attor­neys in 24 cities across the United States, Europe, the Middle East, and Asia, Kirk­land & Ellis is one of the leading law firms provi­ding high-cali­­ber legal services. The German team focu­ses on advi­sing clients in the areas of private equity, M&A, restruc­tu­ring, corpo­rate and secu­ri­ties law, finan­cing, and tax law. For more infor­ma­tion, please visit kirkland.com.