Sale of Everllence to Bain Capital: a threat to French sovereignty?
Published
The sale of Everllence, a company specialising in engines and energy systems, to the American investment fund Bain Capital raises a sensitive question in France. Some observers are asking whether this transaction could be considered an infringement of national sovereignty, particularly in the field of deterrence.
Deterrence refers to all the means a country uses to prevent an attack on its territory or its vital interests. In France, it relies largely on nuclear forces and on the industries that supply defence equipment. However, control of a strategic company by a foreign player may raise questions about access to certain technologies, the continuity of deliveries, and the confidentiality of sensitive information.
In cases of this kind, the French authorities have tools to control foreign investment. In certain cases, these tools make it possible to check whether a transaction threatens the country's essential interests and, if necessary, to impose conditions or prohibit it. Bain Capital is a private investment firm, known for buying companies in order to develop them and then resell them.
For now, the debate remains open. Supporters of the deal believe it could give the company new momentum, while others are calling for clear guarantees to protect activities linked to defence. The outcome will depend on the review of the file and on the commitments made by the buyers.
Sources: La Tribune
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