Bain Capital takes majority control of Everllence in €7.4bn Volkswagen carve-out

Bain Capital has entered into an exclusive arrangement to acquire a 51% majority stake in Everllence from the Volkswagen Group.

Structured as a leveraged buyout, the deal will generate proceeds of around €7.4bn ($8.4bn) for the carmaker.

Volkswagen intends to retain the remaining 49% over the medium term, keeping it exposed to Everllence’s future growth. The proceeds are derived from the 51% stake and expected debt raised on completion of the buyout.

The parties are targeting completion by the end of 2026, subject to employee consultation processes required under French law and the necessary regulatory approvals.