Marina operator D-Marin acquired by private equity fund

Europe
17th January 2020

Marina operator D-Marin acquired by private equity fund

Business Type: Marina Operator

The private equity fund CVC Capital Partners has agreed to acquire the Greek, Croatian and the United Arab Emirates businesses of marina operator D-Marin, from the Doğuş Group, a leading Turkish conglomerate.

The Luxembourg-headquartered private equity business has proffered a deal multimillion-euro deal of undisclosed value for the Istanbul-based marina operator D-Marin, which runs 15 marinas in the Mediterranean and UAE. All marinas in Turkey (Turgutreis, Didim and Göcek) will remain under the ownership of Doğuş Group while managed by D-Marin.

István Szőke, partner at CVC, commented:

D-Marin marinas

Burak Baykan, CEO of D-Marin, commented:

The investment was made through CVC Fund VII, which closed in 2017 raising €16bn. Financial details of the transaction were not disclosed.

The transaction will be finalised upon fulfillment of relevant governmental approvals.

About CVC Capital Partners About D-Marin

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