Linklaters, Gleiss Lutz, Kirkland & Ellis, Paul, Weiss and SZA Schilling, Zutt & Anschütz advised on Volkswagen Group’s exclusive arrangement with Bain Capital for the sale of a 51% majority stake in Everllence (formerly MAN Energy Solutions), valuing the transaction at approximately €7.4 billion.
With this envisaged transaction, Volkswagen wants to significantly strengthen its own financial position as its transformation moves forward. In the medium term, Volkswagen intends to remain a major shareholder in Everllence with a 49 percent stake.
The company, which ranks among the world’s leading manufacturers of large engines, turbomachinery and decarbonization solutions, is to continue its growth in the dynamic markets of global shipping, data centers and the energy sector thanks to the new ownership structure.
Linklaters advised Volkswagen on the transaction.
An international cross-practice Linklaters team was led by Corporate/M&A partners Ralph Wollburg, Achim Kirchfeld, Andreas Zenner and Andreas Müller (Private Equity).
Gleiss Lutz advised the Supervisory Board of Volkswagen Group AG on the transaction.
The Gleiss Lutz team was led by Prof. Dr. Michael Arnold, Dr. Gabriele Roßkopf and Dr. Adrian Bingel (Partners, Corporate Law) and included Dr. Ralf Morshäuser (Partner, M&A, Munich), Dr. Nicholas Brand (Stuttgart), Dr. Johannes A. Hieronymi (Counsel, Frankfurt), Dr. Matthias Gärtner (Counsel, Düsseldorf), Christian Schröder (Frankfurt), Marvin Palumbo (Stuttgart, all Corporate Law), Prof. Dr. Christian Arnold (Partner), Dr. Jonas B. Hofer (both Employment Law, Stuttgart), Franz-Ferdinand Guggenmos (M&A, Munich), Florian Schorn (Corporate Law, Munich), Dr. Alexander Werder (Partner), Dr. Niklas Woitok (both Tax Law, Stuttgart).
Kirkland & Ellis advised Bain Capital on its acquisition of a majority stake in Everllence.
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.
Paul, Weiss advised Bain Capital on the financing of the acquisition.
The Paul, Weiss team is led by corporate partners Neel Sachdev, Kanesh Balasubramaniam and Marco Bagnato, and includes counsel Lucy Jenkins; and tax partner Timothy Lowe.
SZA Schilling, Zutt & Anschütz advised the Executive Board of Everllence on the transaction.
The SZA team was led by Dr. Stephan Brandes, and included Dr. Christoph Kiegler, Dr. Kristin Ullrich, Dr. Pius O. Dolzer, Dr. Gerrit Krämer, Ann-Kristin Müller, Christian A. Marquardt.
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