Bain Capital Nears Deal for Stake in Volkswagen’s Everllence Unit

Bain Capital is nearing a deal to buy a controlling stake in Volkswagen AG’s heavy diesel engine unit and end one of Europe’s most hotly-contested private equity auctions, people familiar...

By Eyk Henning, Swetha Gopinath, William Wilkes · Bloomberg Markets

Bain Capital is nearing a deal to buy a controlling stake in Volkswagen AG’s heavy diesel engine unit and end one of Europe’s most hotly-contested private equity auctions, people familiar with the matter said.