CVC Capital Partners is working with Goldman Sachs to explore a sale of Mediterranean marina operator D-Marin, according to a report by Bloomberg citing people familiar with the matter. The buyout firm is understood to be targeting a valuation of around €1bn.
D-Marin reportedly generates roughly €70m a year in earnings before interest, taxes, depreciation and amortisation, implying a multiple of about 15x Ebitda. Preparations for a sale are at an early stage and may not result in a transaction, the sources said. The business has expanded rapidly in recent years, adding seven marinas across the Mediterranean in 2024.
It operates a network of around 26 marinas across Europe and the United Arab Emirates, making it one of the largest yacht marina operators in the Mediterranean and the Gulf. Its portfolio spans Spain, France, Italy and Malta in western Europe, as well as Greece, Croatia, Albania, Turkey, and the UAE.
CVC acquired D-Marin from Dogus Holding in 2020 through its Fund VII, with financial terms not disclosed.
