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A&O Shearman advises lead arrangers on financing for Bain Capital's acquisition of Everllence

A&O Shearman advises lead arrangers on financing for Bain Capital's acquisition of Everllence
Published Date
Jun 29 2026
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Image of Denise Gibson
Denise GibsonPartner, London
Image of Temi Esho
Temi EshoPartner, London
Image of Marc Plepelits
Marc PlepelitsPartner, Frankfurt
Image of Rafael Serrano D
Rafael Serrano DCounsel, London
Image of Rauni Ahammer
Dr. Rauni AhammerPartner, Munich
Image of James Burton
James BurtonPartner, London
Image of Tim Drach (geb. Spranger)
Tim Drach (geb. Spranger)Partner, Frankfurt
Image of Kiddist Forsythe
Kiddist ForsytheSenior Associate, London
Image of Odysseas Theofanis
Odysseas TheofanisSenior Associate, London
Image of Rhea Variava
Rhea VariavaAssociate, London
A&O Shearman has advised the mandated lead arrangers (MLAs) in connection with the financing of Bain Capital's acquisition of 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 Group. The transaction is structured as a carve-out from Volkswagen Group, which will retain a shareholding in the company and remain a long-term partner. 
Everllence has 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 represents one of the largest European leveraged buyouts of 2026 and underscores continued private equity appetite for high-value industrial carve-outs. The deal reflects growing investor confidence in the European industrials sector, where carve-out activity has accelerated as major corporates refocus on core operations. We're proud to have supported the MLAs in delivering a financing package that matches the ambition of the deal.”

The A&O Shearman team was led by partners Denise Gibson, Temi Esho, and Marc Plepelits, with counsel Rafael Serrano, senior associates Kiddist Forsythe and Odysseas Theofanis, associates Deborah Wathome and Rhea Variava, and solicitor apprentice Thomas Stanbridge. Tax advice was provided by partners Tim Drach and James Burton. The team in Germany was led by partner Rauni Ahammer. 

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

 

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