CCI approves acquisition of majority of the shares and voting rights in Volkswagen subsidiary Everllence SE by funds managed and/or advised by Bain Capital Investors, LLC

The Competition Commission of India (CCI) has approved the acquisition of a majority of shares and voting rights in Everllence SE—a wholly-owned engineering subsidiary of Volkswagen—by funds managed and/or advised by Bain Capital Investors, LLC. The acquisition involves a share transfer from Volkswagen to Nikolaus (BC) Bidco GmbH, a special purpose vehicle ultimately controlled by Bain Capital. Everllence is headquartered in Augsburg, Germany, and specializes in propulsion, decarbonization, and efficiency solutions across marine, energy, and industrial applications through its 2-stroke engines, 4-stroke engines, and turbomachinery divisions.