Bain Capital Acquires Everllence, a Globally Leading Engine and Turbomachinery Manufacturer

FOR IMMEDIATE RELEASE

MUNICH – June 25, 2026 – Bain Capital, a leading global private investment firm, today announced that it has agreed to acquire a majority stake in Everllence, a globally leading developer and manufacturer of 2-stroke and 4-stroke marine and power engines and turbomachinery, from Volkswagen AG.

Everllence has approximately €5 billion in revenues and around 16,000 employees across its operations in Europe, Asia, and the Americas. It holds leading positions in each of its principal businesses, serving customers in global shipping, naval defense, power generation and industrial processing, and maintains one of the most extensive aftermarket service networks in the sector, with more than 140 locations worldwide.

The transaction, led by Bain Capital’s Private Equity teams in Europe and Asia, is structured as a carve-out from Volkswagen AG, which will retain a shareholding in the company and remain a long-term partner.

Bain Capital will work closely with Everllence’s management team and Volkswagen to support the company’s next phase of growth. Specific areas of focus include expanding the company’s service business with its global installed customer base; investing in the company's growing role in naval defense, where demand across Europe and beyond is accelerating; supporting the continued development of alternative fuel platforms for the decarbonization of global shipping; and capturing the significant opportunity in behind-the-meter power generation for data centers and industrial infrastructure.

Bain Capital brings global industrial sector expertise and a wide operational support network to that effort, with a focus on creating lasting impact for Everllence’s customers, employees, and the communities it has long served.

The transaction is subject to regulatory approvals and customary closing conditions. Financial terms of the transaction were not disclosed.

"At Bain Capital, we have always believed that the right partnership is how exceptional outcomes are created. We invest in people as much as companies, and we take a long view. Under Volkswagen's ownership, Everllence has developed into a global platform with a strong management team and a clear vision for where it is headed. We are glad to be working alongside the management team and Volkswagen to help realize that vision," said Dr. Michael Siefke, a Partner and Chair of Europe Private Equity at Bain Capital.

"We believe in Everllence as a global technology leader in maritime decarbonisation, naval defence and distributed industrial power. Everllence is uniquely positioned to enable energy transition in global seaborne trade and address increasing power needs from accelerating data centre energy demand. It’s products and services are supporting customers globally at the core of their operations. We are excited to partner with the team on the journey ahead,” said Florian Taufmann, a Partner at Bain Capital.

ENDS

About Everllence

Everllence is the world’s leading developer and manufacturer of 2-stroke and 4-stroke marine and power engines and turbomachinery, with revenues of approximately €5 billion and around 16,000 employees globally. The company serves customers across marine, naval, power generation and industrial end markets through a network of manufacturing facilities and more than 140 service locations worldwide. Everllence is headquartered in Europe and operates globally.

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, portfolio companies, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. We have 24 offices on four continents, more than 2,000 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).