mynth
07/2026

D-MARIN acquired by INFRAVIA CAPITAL

GREECE Transport & Logistics / Infrastructure & Ground Services EV 1b - 4b EUR

Context

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. The sale was executed under standard conditions precedent, with regulatory approvals and customary closing requirements pending. InfraVia’s rationale centers on extending its infrastructure portfolio into the premium marina segment, where asset scarcity and rising yachting demand provide defensive revenue characteristics. The firm intends to leverage its expertise in transport‑related assets to standardize operational processes, invest in further digital enhancements and pursue additional acquisitions that increase network density in fragmented Mediterranean markets. InfraVia anticipates that the combination of D-Marin’s established brand, high‑quality assets and existing management team will accelerate scale and improve margins. Post‑closing, InfraVia plans to retain the current executive leadership while introducing board members to oversee strategic initiatives. Expected outcomes include a coordinated expansion of berth capacity, optimization of boatyard services and the rollout of a unified reservation system across all locations. The enhanced platform is projected to improve customer retention, generate incremental ancillary revenue and solidify D-Marin’s position in a market defined by limited supply and growing luxury leisure demand.

It is worth noting that the fund Cvc took control of D-Marin through an LBO in 2020.

D-MARIN, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Other operations with D-MARIN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
01/2020CVCD-MARINGREECEInfrastructure & Ground Services

REFERENCES

Valuation range: EV 1b - 4b EUR

EBITDA range: 50M - 100M 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 INFRAVIA CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: d-marin

Acquirer: infravia capital