CCI approves acquisition of majority of the shares and voting rights in Volkswagen subsidiary Everllence SE by funds managed and/or advised by Bain Capital Investors, LLC
India, Sept. 30 -- The Competition Commission of India (CCI) has approved an acquisition of a majority of the shares and voting rights in Everllence SE by funds managed and/or advised by Bain Capital Investors, LLC.The proposed combination involves the indirect acquisition of a majority of the shares and voting rights in Everllence SE (Everllence/Target) and a number of its direct and indirect subsidiaries by funds managed and/or advised by Bain Capital Investors, LLC (Bain Capital) from Volkswagen Aktiengesellschaft (Volkswagen) by way of a share transfer.Nikolaus (BC) Bidco GmbH (Nikolaus Bidco/Purchaser) is a special purpose vehicle that is ultimately controlled by funds managed and/or advised by Bain Capital. Bain Capital is a private i...
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