Marina Solutions International Acts for CVC Capital Partners In their Acquisition of D-Marin Marinas Group
Marina Solutions International Ltd (MSI) acted as marina consultants in the recently announced acquisition of the Greek, Croatian and the UAE businesses of D-Marin, a leading operator of premium yacht marinas in the Mediterranean and United Arab Emirates (UAE), by funds advised by CVC Capital Partners (“CVC Funds”).
Marina Solutions International Ltd (MSI) assisted with each of the marina’s technical and operational elements of the acquisition for the team at CVC. The scope of works for MSI included, undertaking site condition assessment audits of all 10 of D-Marin’s marina operations across Croatia, Greece and Turkey. In addition, MSI assisted in identifying potential new marina sites over a period of nine months.
D-Marin has owned and operated yacht marinas in the Mediterranean since 2003, but it is only recently that they diversified into the UAE, providing management services to several existing marinas, and most notably the new 1,100 berth Dubai Marina, which is due to open later this year.
“We were delighted to have been appointed by CVC Capital Partners to represent their interests, in this, CVC Funds’ first investment in the marina sector. Marina ownership and operations is a specialist business, and MSI was well-placed to offer its extensive industry knowledge and experience and assist the CVC team in understanding the intricacies of marina acquisition and ownership.”