Several private equity firms including EQT and Advent are eyeing the acquisition of a potential majority stake in Volkswagen AG’s heavy diesel engine and power-plant unit, Everllence SE, as part of the automaker’s broader asset disposal strategy, according to a report by Bloomberg.
Sources indicate EQT is considering a joint bid with Singapore’s sovereign wealth fund GIC Pte, while CVC Capital Partners, Advent, Bain Capital, KPS Capital Partners, and Clayton Dubilier & Rice are also among th...
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