CVC Capital Partners announced that it has agreed to sell the stake held by the CVC Capital Partners VII fund in D-Marin to InfraVia Capital Partners, one of Europe’s largest independent infrastructure and private equity investors. The financial terms of the transaction were not disclosed.
D-Marin is currently the leading operator of premium marinas 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 and more than 14,300 berths, of which over 1,000 are designated for superyachts, and serves more than 50,000 customers annually. It also operates 12 ship repair and maintenance facilities, which service more than 2,500 vessels each year.
CVC acquired D-Marin in 2020 and, as it notes, has undertaken 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 its services and the customer experience.
For its part, InfraVia describes the transaction as strategically significant, noting that D-Marin operates in a market with high barriers to entry, limited availability of new berths, and growing demand for high-quality yachting infrastructure.
The new owner states that it will support management in the next phase of growth, with the aim of further expanding the marina network and strengthening the company’s presence in a fragmented European market.
For the transaction, CVC was advised exclusively by Goldman Sachs as financial advisor and Clifford Chance as legal counsel, while InfraVia was advised by Morgan Stanley and White & Case.