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Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit

Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit
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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.
Bain Capital Nears (ORG) Volkswagen (ORG) Everllence Unit (ORG) Bain Capital (ORG) Volkswagen AG’s (ORG) Europe (LOCATION) CVC Capital Partners Plc (ORG) EQT AB (ORG)
Originally published by Bloomberg Markets Read original →