CVC Taps Goldman to Market €1 Billion Sale of D‑Marin

Bloomberg reported that CVC Capital Partners has engaged Goldman Sachs to explore the potential sale of Mediterranean marina operator D‑Marin, with people familiar with the matter valuing the business at roughly €1 billion. The report said the process is at an early stage and may not result in a transaction.

The Bloomberg item was published on Feb. 19, 2026, and other outlets repeating the story noted the same caveat on timing and outcome. Tradingview and GuruFocus reported that representatives for both CVC and Goldman Sachs declined to comment, underscoring the private, initial nature of the marketing effort.

Operationally, sources including Pe‑insights, Tradingview and Private Equity Wire describe D‑Marin as operating around 26 marinas across Spain, France, Malta, Italy, Greece, Croatia, Albania, Turkey and the United Arab Emirates. Those outlets report D‑Marin added seven marinas across the Mediterranean in 2024 and “reported record guest numbers last summer,” evidence outlets cite to support investor interest in recurring leisure revenues.

Financial metrics cited by multiple outlets put D‑Marin’s annual EBITDA at approximately €70m. At a reported euro price tag of roughly €1 billion, that implies an approximate 15x EBITDA multiple. Pe‑insights and Tradingview framed that multiple as reflecting investor confidence in high‑end marina assets and the infrastructure-like revenue profile of berthing, services and seasonal demand.

Dollar equivalents vary in the published coverage: Pe‑insights reported the €1 billion figure as roughly $1.08 billion, while Tradingview and GuruFocus used a rounded conversion of about $1.2 billion. The sources do not use a single exchange rate in their writeups, and all retain the euro valuation as the consistent headline number.

CVC’s ownership history of D‑Marin is well documented in the coverage. Pe‑insights and Private Equity Wire note CVC acquired the business in 2020 from Turkey’s Dogus Group or Dogus Holding through CVC’s Fund VII, with financial terms of that deal not disclosed. Pe‑insights explicitly characterises a potential sale at this level as “a significant realisation for Fund VII,” signalling what a successful exit would mean for that vintage fund.

Coverage so far offers no timeline for a sale process, no named prospective buyers and no public detail on D‑Marin’s capital structure or outstanding debt. LinkedIn reposts of the Bloomberg story credit reporter Ugur Yilmaz in coverage circulation. For now, the combination of a roughly €1 billion target price, a reported €70m EBITDA run rate, the 26‑marina footprint and recent portfolio expansion will put D‑Marin on the watchlist for investors tracking leisure infrastructure exits and CVC Fund VII realisations.