Everllence (formerly MAN Energy Solutions), a global leader in marine engines, has announced major news: the Volkswagen Group plans to sell a majority stake in Everllence to Bain Capital for approximately 7.4 billion euros (approximately $8.407 billion).
On June 24, the Volkswagen Group announced that it had signed an exclusive agreement with Bain Capital under which the Volkswagen Group intends to transfer its 51% stake in Everllence to Bain Capital, while planning to retain a 49% stake in the medium term as the majority shareholder.
The proposed transaction, structured as a leveraged buyout, will generate approximately 7.4 billion euros in proceeds for the Volkswagen Group. As of May 31, 2026, Everllence’s book value on the Volkswagen Group’s balance sheet was approximately 3.4 billion euros.
The Volkswagen Group stated that the transaction is still subject to completion of the French information and consultation process and other customary closing conditions, including obtaining the necessary approvals from relevant regulatory authorities. It expects to satisfy all conditions, including regulatory approvals, by the end of 2026.
As part of the transaction, the Volkswagen Group and Bain Capital have agreed on a safeguard agreement for Everllence’s German plants: the facilities in Augsburg, Oberhausen, Berlin, Hamburg, and Ravensburg will be maintained under the new ownership structure at least through the end of 2030, and no mandatory layoffs will be implemented during this period.
The Volkswagen Group stated that, under the new ownership structure, Everllence is expected to further capitalize on growth opportunities in dynamic global markets such as shipping, data centers, and energy, thereby achieving sustained growth.
Uwe Lauber, CEO of Everllence, said, “This transaction will create favorable conditions for the company to continue deepening and accelerating the implementation of its established growth strategy. Bain Capital’s strong financial resources, extensive strategic experience, and broad global presence will further enhance the company’s core competitiveness, helping it advance technological innovation, scale up the application of advanced technologies, and actively expand into emerging markets.”
It is understood that Everllence was formerly a subsidiary of the MAN Group (MAN SE). In the late 1890s, MAN’s Augsburg plant funded Rudolf Diesel’s experiments, which led to the invention of the diesel engine and laid the foundation for modern industrial power systems.
In the 1980s, MAN became a leading player in the marine diesel engine sector through its acquisition of Burmeister & Wain, and was subsequently acquired by the Volkswagen Group in 2011.
In 2018, the marine diesel engine business was spun off from the MAN Group, leading to the establishment of MAN Energy Solutions, a wholly owned subsidiary of the Volkswagen Group, which continued to pursue strategic adjustments and operational optimization in the years that followed.
On June 4, 2025, MAN Energy Solutions officially rebranded as Everllence, presenting a new image to the market. The company stated: “This rebranding marks a significant milestone in the company’s implementation of its core strategy, ‘Moving big things to zero.’ This strategy, with a mission to drive the decarbonization revolution and a leap in energy efficiency, outlines a blueprint for the industry’s transformation.”
Today, Everllence has grown into one of the world’s leading manufacturers in the fields of large engines, turbomachinery, and decarbonization solutions. With over 140 branches worldwide and a workforce of approximately 16,000, the company is dedicated to helping key global industries reduce hard-to-abate carbon emissions, playing a vital role in the global energy transition.
Driven by strong market demand, Everllence achieved revenue of nearly 4.9 billion euros in 2025, representing a year-over-year increase of 12.21%; new orders for the year totaled 5.767 billion euros, setting a new record.
Bain Capital, which plans to acquire a majority stake in Everllence, was founded in 1984 and is one of the world’s leading private investment firms. Its global investment platform spans private equity, growth and venture capital, capital solutions, credit and capital markets, and real assets. Bain Capital has 24 offices across four continents and manages approximately $225 billion in assets.