GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources

GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources

A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations

Private equity firms eye Volkswagen’s €6bn Everllence unit

Several private equity firms including EQT and Advent are eyeing the acquisition of a potential majority stake in Volkswagen AG’s heavy diesel engine and power-plant unit, Everllence SE, as part of the automaker’s broader asset disposal strategy, according to a report by Bloomberg. Sources indicate EQT is considering a joint bid with Singapore’s sovereign wealth fund GIC Pte, while CVC Capital Partners, Advent, Bain Capital, KPS Capital Partners…