At what enterprise value was D-MARIN acquired in 2020?

You can find the full valuation details of D-MARIN on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of D-MARIN when it was acquired by CVC?

The exact EV/EBITDA multiple for D-MARIN is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was D-MARIN acquired by CVC?

D-MARIN was acquired by CVC in 2020.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the D-MARIN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the D-MARIN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cvc.com/media/news/2020/2020-01-16-cvc-fund-vii-to-acquire-d-marins-businesses-in-greece-croatia-and-the-uae/

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Home Database Business ServicesD-MARIN

01/2020

D-MARIN acquired by CVC

GREECE Transport & Logistics / Infrastructure & Ground Services EV 300M - 700M EUR

Context

CVC Fund VII is acquiring the Greek, Croatian and United Arab Emirates businesses of D-Marin from the Doğu Group. The transaction transfers the concession and management rights for the marinas located in these three countries, while the Turkish facilities remain owned by Doğu Group and continue to be operated by D-Marin under existing agreements. The deal is subject to the receipt of the required governmental approvals in each jurisdiction. CVC’s investment thesis targets the creation of a globally diversified premium marina platform that can benefit from scale economies and cross‑regional branding. By adding the Mediterranean and Gulf assets to its portfolio, CVC aims to increase berth capacity, extend service coverage to high‑value yachting routes and leverage the operator’s digital reservation system to capture incremental revenue. The firm intends to apply its operational expertise to standardise pricing, optimise cost structures and pursue further acquisitions in adjacent markets. Post‑completion, D-Marin is expected to integrate the newly acquired sites into a unified management framework, enabling centralized procurement and shared service functions. The expanded network should enhance occupancy rates by offering seamless access across multiple cruising corridors, thereby improving cash‑flow stability. CVC anticipates that the combined entity will achieve a stronger competitive position, facilitating entry into new ports and supporting long‑term value creation for stakeholders.

D-MARIN, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

D-Marin operates a network of premium marinas across the Europe‑Middle East‑Africa region. The company owns and manages 28 facilities in nine countries, providing more than 14,300 berths, of which over 1,000 are designated for super‑yachts. Its portfolio includes full‑service boatyards that service approximately 2,500 yachts annually, delivering maintenance, repair and refit capabilities. The customer base consists of private yacht owners, charter operators and commercial fleets that require high‑end docking, utilities and ancillary services. Revenue is generated through berth rentals, service fees, ancillary retail and hospitality offerings within each marina. The business model emphasizes long‑term lease contracts, variable pricing linked to berth size and seasonality, and cross‑selling of value‑added services such as provisioning, crew transport and digital booking tools. Since its founding, D‑Marin has expanded from an initial focus on Turkey, Croatia, Greece and the United Arab Emirates into Spain, Italy, France, Malta and Albania, reflecting a strategy of geographic diversification along the Mediterranean coastline. Technologically, the firm has implemented an integrated digital platform that enables online reservations, real‑time berth management and customer relationship functions, positioning the operation as one of the most automated in the sector. The company reports annual usage by more than 50,000 distinct customers. Its governance structure includes a board of directors and an executive committee overseeing strategic investments.

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Other operations with D-MARIN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2026	INFRAVIA CAPITAL	D-MARIN	GREECE	Transport & Logistics	D-Marin has been acquired by InfraVia Capital Partners, marking the transfer of CVC Capital Partners VII’s equity stake to InfraVia’s European Fund VI. The transaction follows a period of accelerated growth for D-Marin, during which the portfolio expanded to 28 marinas in nine countries and introduced a digitally integrated customer platform

REFERENCES

Valuation range: EV 300M - 700M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of D-MARIN by CVC are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: d-marin

Acquirer: cvc