CVC acquires D-Marin yacht marina businesses

Private equity firm CVC Capital Partners has acquired the Greek, Croatian and UAE businesses of D-Marin, a yacht marina operator, from Doğus Group.

D-Marin is headquartered in Istanbul and operates premium yacht marinas in Croatia, Greece, Montenegro, Turkey and the UAE. The three marinas in Turkey will remain under the ownership of Doğus Group while managed by D-Marin.

István Szőke, Managing Partner at CVC Capital Partners, said: "As our first investment in the sector, we have been attracted to D-Marin given it is a geographically diversified operator of well-invested premium marinas in the Mediterranean and the UAE. Using CVC's global network and experience in growing companies internationally, we intend to create the leading global premium marina operating company through both organic growth and acquisitions."

Burak Baykan, CEO of D-Marin, added: "I am proud of the success achieved by D-Marin to date. Working with Doğus Group we have put in place a solid foundation, on which we will now plan to build a global group."