Bain Capital Nears Deal for Controlling Stake in Volkswagen Diesel Unit as 3 Bidders Vie
Updated
Updated · Bloomberg · Jun 24
Bain Capital Nears Deal for Controlling Stake in Volkswagen Diesel Unit as 3 Bidders Vie
2 articles · Updated · Bloomberg · Jun 24
Summary
Bain Capital is in advanced talks to buy a controlling stake in Volkswagen’s Everllence heavy diesel engine unit, putting it close to clinching one of Europe’s most contested private equity sales.
The firm is negotiating deal terms and is poised to beat rival bidders CVC Capital Partners and an EQT-led consortium, according to people familiar with the matter.
The sale would end a closely watched auction for the heavy diesel business, marking a significant step in Volkswagen’s effort to reshape ownership of the unit.