Bain Capital to buy majority stake in Everllence for €7.4bn
- Volkswagen Group rules out compulsory redundancies at Everllence until end of 2030
- Everllence has about 16,000 employees and revenue of €4.9bn
- VW sells marine unit to cut costs and debt, increase financial flexibility
Boston buyout firm Bain Capital will buy 51% of German engine maker Everllence, formerly MAN Energy Solutions
