CVC explores €1bn sale of marina operator D-Marin
Aerial view of D-Marin Didim marina in Turkey
CVC Capital Partners is working with Goldman Sachs to explore a sale of marina operator D-Marin at a valuation of around €1 billion (approximately $1.08 billion), Bloomberg reported.
The process remains in its early stages and may not result in a transaction.
According to the Bloomberg report, D-Marin, founded in 2003, generates roughly €70 million ($82 million) a year in earnings before interest, taxes, depreciation and amortisation. This would represent a valuation of around 15 times EBITDA.
CVC acquired the business in 2020 from Dogus Group through Fund VII. Since then, the company has expanded its footprint to around 26 marinas across Europe and the UAE.
In 2025, among other projects, D-Marin expanded in Mallorca after securing the tender for Marina Palma Cuarentena, in Palma Bay, outlined its vision for Port Camille Rayon in France and Marina Livorno in Italy.
The marina portfolio now serves recreational vessels, megayachts and superyachts throughout the Mediterranean and the Gulf.
