Kirkland Advises Bain Capital on Exclusive Agreement for Acquisition of Majority Stake in Everllence
Kirkland & Ellis has advised Bain Capital on an exclusive agreement for the acquisition of a majority stake in Everllence from Volkswagen Group (Volkswagen).
Bain Capital is to acquire 51% of the shares in Everllence. Volkswagen plans to remain a significant shareholder with a 49% stake. The transaction is subject to customary closing conditions, including regulatory approvals.
Everllence (formerly MAN Energy Solutions) is a leading provider of propulsion, decarbonization and efficiency solutions for the maritime, energy and industrial sectors. Headquartered in Germany, the company employs around 16,000 people at more than 140 locations worldwide.
Read the transaction press release
The Kirkland team included corporate lawyers Benjamin Leyendecker, Philip Goj, Sebastian Heim, Johannes Rowold, Marcus Commandeur, Frederick Eggert, Pablo Tretow, Jasper Wentz, Alexander Stahl and Lionel Reich; debt finance lawyers Alexander Längsfeld, Barbara Dunkel, Laura Frömel and Alexandros Peschos; international trade & national security lawyer Erika Krum; tax lawyers Michael Ehret and Emanuel Götz; and technology & IP transactions lawyers Jacqueline Clover and Prasanth Kapilan.
