Politics
Engines and Elevators Lift German Deals Past $120 Billion
Key Points
Deals Engines and Elevators Lift German Deals Past $120 Billion Germany’s dealmakers are seeing some of their long-wished-for transactions come to fruition, driving the country to one of its busiest years for mergers and acquisitions in decades. The latest big deal to be announced is Volkswagen AG’s sale of a stake in its large marine engine unit, Everllence, to Bain Capital, a transaction that will generate proceeds of about €7.4 billion ($8.4 billion) for the automaker. Everllence has long...
Deals
Engines and Elevators Lift German Deals Past $120 Billion
Germany’s dealmakers are seeing some of their long-wished-for transactions come to fruition, driving the country to one of its busiest years for mergers and acquisitions in decades.
The latest big deal to be announced is Volkswagen AG’s sale of a stake in its large marine engine unit, Everllence, to Bain Capital, a transaction that will generate proceeds of about €7.4 billion ($8.4 billion) for the automaker. Everllence has long been viewed as a prize industrial asset by private equity firms and attracted interest from a host of suitors.