Information on the target
CVC Capital Partners is pleased to announce the successful sale of its stake in D-Marin, an international premium marina operator, to InfraVia Capital Partners, a prominent independent private equity firm in Europe. Since CVC's investment in 2020, D-Marin has undergone a significant transformation, establishing itself as the leading premium marina operator in the EMEA region. The company has expanded its operations beyond its traditional markets, which include Turkey, Croatia, Greece, and the UAE, into new territories such as Spain, Italy, France, Malta, and Albania.
Currently, D-Marin operates 28 premium marinas across nine countries, catering to over 50,000 customers annually with more than 14,300 berths, including over 1,000 dedicated superyacht berths. The company also manages 12 professional boatyards, servicing more than 2,500 yachts each year. A significant investment has been made to enhance the business's digital capabilities, establishing one of the industry's most technologically advanced operating and customer experience platforms.
Industry overview in the target’s specific country
The marinas industry in the EMEA region has witnessed robust growth over the past few years, driven by increasing disposable incomes, a growing interest in recreational boating, and a rise in tourism. Countries such as Turkey, Greece, and Croatia have become popular destinations for yacht owners and tourists alike, thanks to their stunning coastlines and favorable climates. This trend has led to an increased demand for premium marina services, which offer not only berthing but also a range of amenities and services that enhance the overall customer experience.
In Turkey, the marina sector has been bolstered by government initiatives aimed at promoting tourism and investment in coastal areas. The country’s strategic location between Europe and Asia makes it an attractive hub for yacht owners looking to explore the Mediterranean. Similarly, Croatia has seen a surge in marina development, with investments aimed at upgrading facilities to meet international standards, thereby attracting more visitors and yacht owners.
Greece, known for its rich maritime history and beautiful islands, continues to be a key player in the marinas industry. The country’s marinas are increasingly being recognized for their quality and service, which has led to a growing number of international yacht events being hosted there. This has not only enhanced Greece's reputation as a premier yachting destination but has also contributed to the overall growth of the marina sector.
As the demand for luxury boating experiences continues to rise, the marinas industry in the EMEA region is expected to thrive. The focus on sustainability and technologica…