Key facts
- Bain Capital is reportedly set to acquire a majority stake in Volkswagen's marine engine unit, Everllence.
- The Financial Times reported the potential deal, citing sources familiar with the matter.
Bain Capital is reportedly nearing an agreement to purchase a controlling stake in Volkswagen's marine engine division, known as Everllence. The Financial Times reported the development on Wednesday, citing individuals with knowledge of the potential transaction. The deal would see the private equity firm take a majority ownership in the specialized unit of the German automaker.