Business & Finance
Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit
Key Points
Deals Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit Bain Capital is nearing a deal to buy a controlling stake in Volkswagen AG’s heavy diesel engine unit and end one of Europe’s most hotly-contested private equity auctions, people familiar with the matter said. The buyout firm is in advanced talks on the terms of a deal and is poised to beat out rival bidders CVC Capital Partners Plc and an EQT AB-led consortium, according to the people, who asked not to be identified...
Deals
Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit
Bain Capital is nearing a deal to buy a controlling stake in Volkswagen AG’s heavy diesel engine unit and end one of Europe’s most hotly-contested private equity auctions, people familiar with the matter said.
The buyout firm is in advanced talks on the terms of a deal and is poised to beat out rival bidders CVC Capital Partners Plc and an EQT AB-led consortium, according to the people, who asked not to be identified discussing confidential information.