Gleiss Lutz and Linklaters advise VW board on Everllence stake sale

Gleiss Lutz and Linklaters have advised the Volkswagen Group on an exclusive agreement with Bain Capital for the sale of a 51% majority stake in Everllence. The transaction, structured as a leveraged buyout, is expected to generate proceeds of approximately €7.4 billion for Volkswagen.

The deal remains subject to the completion of mandatory information and consultation processes with employee representation bodies in France, as well as regulatory approvals from the relevant authorities. All conditions, including those regulatory approvals, are targeted to be fulfilled by the end of 2026.

The Gleiss Lutz team

The Gleiss Lutz team advising the Supervisory Board of Volkswagen was led by partners Michael Arnold,  Gabriele Roßkopf and Adrian Bingel (corporate law, Stuttgart).

Further support was provided by partner Ralf Morshäuser (M&A, Munich), Nicholas Brand (Stuttgart), counsel Johannes A. Hieronymi (Frankfurt), counsel Matthias Gärtner (Düsseldorf), Christian Schröder (Frankfurt) and Marvin Palumbo (Stuttgart, all Corporate Law), partner Christian Arnold and Jonas B. Hofer (both Employment Law, Stuttgart), Franz-Ferdinand Guggenmos (M&A, Munich), Florian Schorn (corporate Law, Munich), partner Alexander Werder and Niklas Woitok (both tax law, Stuttgart).

Pictured from left to right: Michael Arnold,  Gabriele Roßkopf and Adrian Bingel

The Linklaters team

The Linklaters team was led by corporate/M&A partners Ralph Wollburg, Achim Kirchfeld, Andreas Zenner and Andreas Müller (private equity). The antitrust and foreign investment team was jointly led by partners Christoph Barth and Kaan Gürer and included partner Ryan Cheng (Beijing) as well as managing associates Ann-Christin Käser, Yuxin Weirich, Tim Dever (New York) and Qiuying Zheng (Beijing). The core team also included partners Martina Farkas, Julia Rupp (corporate/M&A, private equity), Kerstin Wilhelm (litigation, arbitration, investigations), Julian Böhmer (tax), Przemyslaw Lipin (banking), Matthew Devey (employment and pensions), counsels Julius Raapke, Dominik Wegener (corporate/M&A), Anna-Katharina Lohbeck (TMT), Luca Rawe (employment and pensions) as well as managing associates Yixin Yang, Luise Winkler, Kristina Willmes, Lea Schürmann, Sophie Yang (Beijing) (all corporate/M&A), Lisa Jäger (IP), Jacqueline Engineer (litigation, arbitration, investigations) and Benedikt Schewe (tax).