Bain Capital to Acquire Majority Stake in Everllence from Volkswagen Group

Rivean Capital and Engelmann Management Acquire Majority Stake in Engelmann

November 20, 2025

Industrial Services

European private equity firm Rivean Capital, together with Engelmann’s management, acquired a majority stake in Engelmann from funds advised by DPE Deutsche Private Equity. The investment supports Engelmann’s continued international expansion and product innovation in smart submetering technologies for heat, cooling, and water measurement.

Motus Acquires Everlance

February 19, 2025

Software

Motus, a provider of vehicle reimbursement and mobile workforce solutions, has acquired Everlance, a mileage and expense tracking app used by millions of drivers. The deal expands Motus' product portfolio and capabilities—combining Motus' analytics and enterprise offerings with Everlance's consumer-grade mobile app and over 4 million users; Motus is a PE-backed company (Permira and Thoma Bravo).

Charlesbank Capital Partners Acquires EverDriven Technologies From Palladium Equity Partners

March 5, 2024

Transportation

Charlesbank Capital Partners, a Boston-based middle-market private investment firm, has acquired EverDriven Technologies, an alternative student transportation platform, from affiliates of Palladium Equity Partners. EverDriven—which serves nearly 700 school districts across 29 states and transports ~28,000 students annually—will partner with Charlesbank to invest in its routing technology, safety programs and nationwide expansion plans. Terms were not disclosed.

Bain Capital Acquires Controlling Stake in Eleda from Altor

December 11, 2023

Infrastructure

Bain Capital Private Equity has agreed to acquire a controlling stake in Eleda, the Stockholm-headquartered Nordic infrastructure projects and services group, from Altor, which will retain a minority stake. Eleda's founders and management will reinvest, and Bain will partner with the team to accelerate growth—particularly in segments tied to the green transition such as water, power distribution, district heating, roads, data centres and EV charging.

Bain Capital Acquires Controlling Stake in Engineering Group

February 5, 2020

IT Services

Bain Capital Private Equity signed a definitive agreement to acquire a controlling stake in the Engineering Group, the leading Italian IT services and digital transformation business, from funds advised by Apax Partners and Neuberger Berman. Neuberger Berman will reinvest alongside Bain Capital; the transaction remains subject to regulatory approvals. Engineering is headquartered in Rome and employs more than 11,000 professionals across multiple countries.

EagleTree Capital Acquires Majority Stake in Invincible Boat Company

September 17, 2019

Manufacturing

EagleTree Capital (via its EagleTree Partners IV fund) has acquired a majority stake in Invincible Boat Company, a premium high-performance saltwater fishing boat manufacturer headquartered in Opa Locka, Florida. Stellus Capital Management provided unitranche senior debt and an equity co-investment to support the transaction; Invincible's founder Alex Lipworth will remain a significant shareholder and continue to guide product development.