CVC Capital Partners announced that it has agreed to sell the stake of the CVC Capital Partners VII fund in D-Marin to InfraVia Capital Partners, one of the largest independent investors in infrastructure and private equity in Europe. The financial terms of the transaction were not disclosed.
D-Marin is currently the leading premium marina operator in the EMEA region, with a presence in nine countries, including Greece, Croatia, Turkey, Spain, Italy, France, Malta, Albania, and the United Arab Emirates. It manages 28 marinas, more than 14,300 berths, of which over 1,000 are intended for superyachts, and serves more than 50,000 customers annually. At the same time, it operates 12 shipyard units, which serve more than 2,500 vessels each year.
CVC acquired D-Marin in 2020 and, as it points out, proceeded with an extensive transformation of the company, appointing a new management team, expanding its network into new Mediterranean markets, and investing significantly in the digital modernization of services and customer experience.
For its part, InfraVia describes the transaction as strategically significant, noting that D-Marin operates in a market with high entry barriers, limited availability of new berths, and increasing demand for quality yachting infrastructure.
The new owner states that it will support the management in the next phase of development, aiming for further expansion of the marina network and strengthening the company's presence in a fragmented European market.
For the transaction, CVC had Goldman Sachs as exclusive financial advisor and Clifford Chance as legal advisor, while InfraVia was advised by Morgan Stanley and White & Case.