VW shortlists EQT, CVC, and Bain in Everllence sale process

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VW shortlists EQT, CVC, and Bain in Everllence sale process

privateequitywire

3 months ago

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Volkswagen AG has selected a group of preferred bidders, including PE firms EQT AB, CVC Capital Partners and Bain Capital for the next stage of its auction of Everllence, its heavy diesel engine business, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the firms have been invited to proceed in the process. EQT is reportedly bidding alongside Porsche Automobil Holding SE, the listed investment vehicle of the Porsche-Piëch family, whic...

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