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CVC Capital Partners PLC, a U.S.-based investment firm, is exploring a potential sale of marina operator D-Marin at a valuation of about €1 billion ($1.17 billion), according to media reports.
Discussions remain at an early stage and may not result in a deal, people familiar with the matter told Bloomberg, adding that preparations are ongoing and no final decision has been made.
Goldman Sachs, a U.S.-based investment bank, is advising CVC as it assesses strategic options and gauges potential buyer interest, the report suggested.
D-Marin operates one of the largest yacht marina networks across the Mediterranean and the Gulf, managing around 26 locations spanning several European countries and the United Arab Emirates.
It focuses on premium marina services, offering secure berthing, controlled access, and round-the-clock surveillance designed to protect vessels and ensure uninterrupted operations for yacht owners. The company also provides digital tools and marina infrastructure systems that allow customers to monitor utilities, manage services, and access facilities more efficiently.
Its Türkiye network includes key coastal locations such as Didim, Turgutreis, and Gocek, positioning the operator along major sailing routes connecting the eastern Mediterranean to Western Europe and the Gulf region.
The company generates about €70 million annually in earnings before interest, taxes, depreciation and amortization (EBITDA), the people said.
CVC is seeking a valuation multiple of roughly 15 times EBITDA, which would place the company’s value near €1 billion, the report added.
CVC acquired D-Marin from Türkiye’s Dogus Group in 2020, though the financial terms of the acquisition were not disclosed. While D-Marin manages marina operations in Türkiye, ownership of those assets remained with Dogus under the existing arrangement.
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