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Estimated Valuation of Everllence Sale
Estimated valuation in Billions (EUR vs USD)
Primary Sources
EQT, CVC, and Bain Capital shortlisted for €8bn Volkswagen unit sale
EQT is not bidding alone. The firm has joined forces with Porsche Automobil Holding, the listed holding company of the Porsche-Piëch family that ultimately controls Volkswagen, in what would make for a notable alignment of interests should the consortium prevail. CVC Capital Partners and Bain Capital are competing independently for the asset.Volkswagen is pressing ahead with the sale as part of a broader effort to improve profitability and streamline its sprawling industrial portfolio. Deliberations remain ongoing, and no deal is guaranteed. Bloomberg noted that other potential suitors may still be in the frame.With around 15,000 employees and a footprint spanning marine and energy infrastructure, Everllence represents a sizeable and strategically attractive asset. For whichever firm secures it, the acquisition would mark one of the more consequential industrial carve-outs of the year.No posts
VW Diesel Unit Sale: EQT, CVC, Bain Vie for €8bn
Key TakeawaysEQT, Porsche Automobil Holding, CVC Capital Partners, Bain Capital acquired Volkswagen, Everllence for $9.2B.Sector: Industrials, Energy Infrastructure & Renewables.Geography: Germany.AnalysisVolkswagen's substantial heavy diesel engine division, Everllence, is nearing a critical juncture in its sale process, with EQT, CVC Capital Partners, and Bain Capital advancing to the next bidding stage. This strategic carve-out, valued at approximately €8 billion (or $9.2 billion), represents a significant industrial asset with operations spanning marine engines and power-plant turbines.In a notable development, EQT has formed a consortium with Porsche Automobil Holding, the controlling entity of the Porsche-Piëch family and a key stakeholder in Volkswagen. This alliance suggests a potential alignment of interests, aiming to leverage the combined expertise and financial backing for the acquisition. Meanwhile, CVC Capital Partners and Bain Capital are pursuing the opportunity as independent bidders, intensifying the competitive dynamic for this substantial industrial undertaking.The divestiture is a key component of Volkswagen's broader strategy to enhance profitability and refine its extensive industrial portfolio. The German automotive giant is actively seeking to streamline operations and unlock value from non-core assets. While deliberations are ongoing and the outcome remains uncertain, the interest from these prominent private equity firms underscores the strategic appeal of Everllence within the industrial sector.Everllence, with its workforce of around 15,000 employees, commands a significant global presence in the marine and energy infrastructure markets. Its operations are critical for powering large vessels and ensuring stable energy generation, making it a strategically vital entity. The acquisition of Everllence would mark one of the most significant industrial carve-outs in recent memory, offering the successful bidder a substantial platform for growth and operational synergy.The industrial components sector, particularly for heavy-duty engines and power generation, continues to attract significant investor attention. Companies with established manufacturing capabilities and a strong market position, like Everllence, are prime targets for private equity firms looking to capitalize on infrastructure development and the ongoing need for robust energy solutions. The market for such specialized industrial assets remains robust, driven by global...
Volkswagen Shortlists EQT, CVC, Bain for €8 Billion Everllence Sale ...
Volkswagen AG has picked suitors for the next round of bidding for its heavy diesel engine unit Everllence, according to people familiar with the matter.
Volkswagen selects next-round bidders for Everllence, Bloomberg News ...
Volkswagen AG has selected three suitors for the next round of bidding for its heavy diesel engine division Everllence, Bloomberg News reported on Wednesday, citing people familiar with the matter.
