The Competition Commission of India (CCI) has granted approval for the acquisition of a majority of shares and voting rights in Everllence SE by funds managed and/or advised by Bain Capital Investors, LLC. The proposed combination involves the indirect acquisition of majority control in Everllence SE and several of its direct and indirect subsidiaries from Volkswagen Aktiengesellschaft through a share transfer arrangement.
The acquisition is being executed through Nikolaus (BC) Bidco GmbH, a special purpose vehicle ultimately controlled by Bain Capital funds. Bain Capital is described as a private investment firm based in Boston, USA, with investments across multiple industries including information technology, healthcare, retail and consumer products, communications, financial services, and industrial manufacturing.
Everllence SE, headquartered in Augsburg, Germany, is a wholly-owned subsidiary of Volkswagen that operates as an engineering company specializing in propulsion, decarbonization, and efficiency solutions for the marine industry, energy sector, and industrial applications. The company offers comprehensive lifecycle service solutions through its PrimeServ organization and develops advanced technologies supporting the transition toward climate-neutral operations. Everllence's business is structured into three distinct divisions: 2-stroke engines, 4-stroke engines, and turbomachinery.