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The European marina market continues to consolidate with the change in ownership at D Marin. The group, which had been owned by CVC Capital Partners since 2020, is now part of the portfolio of InfraVia Capital Partners, a French fund specializing in infrastructure. According to the Financial Times, the transaction is reportedly worth more than one billion euros.
D Marin has established itself as one of Europe's leading marina operators
Founded in Greece, D Marin originally operated marinas primarily in Greece, Turkey, Croatia, and the United Arab Emirates. Since its acquisition by CVC in 2020, the group has pursued a strategy of expansion into the western Mediterranean.
This strategy led the company to expand into ports in Spain, Italy, Malta, Albania, and then France. Today, D Marin operates 28 marinas across nine countries, representing more than 14,300 berths, including over a thousand for large yachts. The group also manages twelve shipyards specializing in refit and maintenance, which service approximately 2,500 vessels each year.
Alongside this geographic expansion, D Marin has invested in digitizing its operations, with a unified platform designed to manage marinas, reservations, and relationships with boaters.
Golfe Juan exemplifies the group's development strategy
D Marin?s entry into the French market took shape in June 2024 with the award of the concession for the Port Camille Rayon in Golfe-Juan on the French Riviera. This expansion was not limited to port operations alone. A few months later, D Marin entrusted the operation of the shipyard to MB92, a specialist in superyacht refits, which began operations at the site in early 2025.
This organization exemplifies the strategy developed by D Marin at several of its locations. The group integrates marina operations, technical services, maintenance activities, and services for large pleasure craft in order to increase the revenue generated by each site.
This trend is accompanied by an upgrade in the infrastructure and services offered. This shift is also raising questions in several Mediterranean ports about the role that will remain for recreational boaters who own smaller vessels.
A strategy that goes beyond mere port management
D Marin's growth is not based solely on taking over existing concessions. The group is also involved in creating new infrastructure.
This is particularly true in Livorno, Tuscany, where a new marina with 815 berths is currently under construction in partnership with Azimut Benetti. The project, which began in September 2025, is scheduled for completion in 2027.
In Greece, D Marin has also invested 8.5 million euros in the modernization of the Gouvia Marina on Corfu.
These initiatives reflect a long-term investment strategy based on maximizing the value of existing port assets, upgrading technical infrastructure, and developing high-value-added services.
InfraVia Expands Its Presence in the Maritime Sector
For InfraVia Capital Partners, this acquisition marks a new step in its diversification into maritime infrastructure. In July 2025, the French fund had already acquired an 80% stake in LD Armateurs, a French group specializing in maritime transport, cable-laying vessels, and offshore services.
With D Marin, InfraVia is now entering the world of recreational marina infrastructure. The fund believes the sector benefits from favorable fundamentals, driven by the scarcity of port land, growing demand for berths in the Mediterranean, and the fragmentation of the European marina operator market.
The stated goal is now to continue expanding the D Marin network by leveraging long-term investments and new concession opportunities, particularly in the western Mediterranean.
Beyond the change in ownership, this transaction illustrates the ongoing consolidation among European marina operators. Following Safe Harbor?s acquisition of Monaco Marine, InfraVia?s takeover of D Marin confirms that marine infrastructure is now attracting major funds specializing in long-term assets.
