CVC Capital Partners Plc is working with Goldman Sachs Group Inc. as it explores a potential sale of marina operator D-Marin, Bloomberg reported.
The report, written by Ugur Yilmaz and Kerim Karakaya, said the discussions are at an early stage and may not lead to a transaction. People familiar with the matter said CVC is seeking a valuation of about €1 billion ($1.2 billion USD).
According to the report, D-Marin 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.
Founded in 2003, D-Marin now operates around 26 marinas across nine countries. The company manages more than 1,000 superyacht berths and runs 12 boatyards, serving over 2,500 vessels each year.
CVC declined to comment when contacted by Marina World.
CVC closed Fund VII at its hard cap of €15.5 billion ($18 billion) in June 2017. Three years later, in 2020, the fund acquired D-Marin from Turkey’s Doğuş Group.
In 2025, D-Marin entered Spain with Marina Palma Cuarentena and advanced redevelopment projects in Italy, France and Greece. It has also expanded its digital systems, installing smart pedestals and smart sensors across its marinas.
For 2026, the company plans further expansion and redevelopment projects, including work at Livorno, Camille Rayon and Pylos.
