Blackstone, CVC Capital Partners, and Brookfield Asset Management are among private equity bidders for Volkswagen's Everllence, a $9.44bn diesel engine unit including debt, per PE Insights. The carve-out, valued at approximately €8bn, represents one of the largest European asset sales this year, signaling major corporations' push to simplify portfolios and unlock capital. Industrial operations producing shipping engines and heat pumps, the unit is seen as resilient against AI disruption, aligning with investor demand for stable, asset-backed platforms.

Volkswagen initiated the bid process in mid-February and has advanced selected parties to a second round, with binding offers expected within six weeks. Porsche SE, Volkswagen's largest shareholder, is also reportedly considering an investment. If completed, the transaction would mark a significant European industrial carve-out and underscore sustained global private equity appetite for high-quality non-core corporate assets amid rebounding dealmaking.