Published by Global Banking & Finance Review®
Posted on February 18, 2026
2 min readLast updated: February 18, 2026
Add as preferred source on GoogleVolkswagen's Everllence division has attracted bids from Blackstone, EQT, and CVC, with valuations between 5 and 6 billion euros.
Feb 18 (Reuters) - Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its diesel engine division Everllence, the Financial Times reported on Wednesday, citing people familiar with the matter.
Everllence, which produces shipping engines and heat pumps, is being valued at between 5 billion euros ($5.92 billion) and 6 billion euros by prospective buyers, the report added.
A Volkswagen spokesperson said the company was reviewing strategic options for the business but declined to comment further.
A move to divest Everllence, the rebranded former MAN Energy Solutions, could allow the German carmaker to focus more on its core automotive business as it navigates steep tariffs, stiff competition from China and a costly pivot to electric vehicles.
The deadline for first-round bids in the sales process for Everllence ended late on February 12, according to sources familiar with the matter.
One source said Japanese machinery manufacturer Yanmar was also planning to make an offer.
Volkswagen parent Porsche SE, which was also reported to be considering a bid, declined to comment on the matter on Wednesday.
($1 = 0.8445 euros)
(Reporting by Devika Nair in Bengaluru, Alexander Huebner in Munich, and Rachel More and Christina Amann in Berlin;Editing by Elaine Hardcastle)
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. These funds typically invest in private companies or buy out public companies to delist them from stock exchanges.
A valuation is the process of determining the current worth of an asset or a company. It is essential for investment decisions, mergers, and acquisitions, and can be based on various financial metrics.
Corporate strategy refers to the overall plan for a company to achieve its goals and objectives. It encompasses decisions regarding resource allocation, mergers and acquisitions, and market positioning.
Shipping engines are large engines used in maritime vessels to propel them across water. They are crucial for the transportation of goods and are a significant part of the shipping industry.
Heat pumps are devices that transfer heat energy from one place to another, often used for heating or cooling buildings. They are considered energy-efficient alternatives to traditional heating systems.
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