Bain to Acquire Everllence from Volkswagen for €7.4 Billion

Paul, Weiss is advising Bain Capital on the financing of its €7.4 billion acquisition of a majority stake in Germany-based Everllence, a leading global developer and manufacturer of marine and power engines and turbomachinery, from Volkswagen AG. Everllence serves customers in global shipping, naval defense, power generation and industrial processing.

The transaction has been one of the most eagerly anticipated deals in Europe and is structured as a carve-out from Volkswagen, which will retain a significant minority stake in the company.

The Paul, Weiss team is led by corporate partners Neel Sachdev, Kanesh Balasubramaniam and Marco Bagnato, and includes counsel Lucy Jenkins; and tax partner Timothy Lowe.