March April 2020 Marina World

CAHM&PC:
save the dates
USA: The California Association of Harbor Masters & Port Captains
(CAHM&PC) holds its annual training conference and trade show, the longest
running marina, port and harbour conference in California, on 21 st -23 rd October
at Sheraton San Diego Hotel & Marina, San Diego.
The event is geared towards both
public and private marina and boatyard
owners, operators and managers; as
well as harbour masters, dock masters
and all levels of staff requiring training
and industry updates.
The trade show features industry
consultants and suppliers of everything
needed for marina, port and harbour
CVC invests in
D-Marin
MED & MIDDLE EAST: CVC Capital Partners, a Luxemburg-based private equity
firm, has agreed to buy D-Marin’s Greek, Croatian and UAE businesses from the
Turkish Dogus Group. The purchase will be made via CVC Fund VII. D-Marin’s
share in Flisvos Marina (Greece) is excluded from the deal as co-owner Lamda
Development recently bought out D-Marin’s share and is now sole owner.
Headquartered in Istanbul, Turkey,
D-Marin, under concessions or
management agreements, is an
international operator of premium
yacht marinas in Croatia, Greece,
Montenegro, Turkey and the UAE. All
marinas in Turkey (Turgutreis, Didim
and Göcek) will remain under the
ownership of Dogus Group and will
continue to be managed by D-Marin.
Istvan Szöke, managing partner at
CVC Capital partners, said: “As our
first investment in the sector, we have
been attracted to D-Marin given it is a
geographically diversified operator of
well-invested premium marinas in the
Mediterranean and the UAE. Using
CVC’s global network and experience
in growing companies internationally,
we intend to create the leading global
premium marina operating company
through both organic growth and
acquisitions.”
D-Marin CEO, Burak Baykan,
commented: “I am proud of the success
achieved by D-Marin to date. Working
with Dogus Group, we have put in place
a solid foundation, on which we will now
plan to build a global group. We are
delighted to have secured the support
WORLD NEWS
operations, from hardware for the docks
to software for managing operations at
peak efficiency. The event is aimed at
an audience beyond California, to the
entire western states, Canada and the
Pacific.
Registration is now open at www.
harbormaster.org. First-time attendees
can attend at member rates.
of CVC, a leading global investor, to
expand D-Marin internationally and
take the company to the next level.”
UK-based Marina Solutions
International (MSI) acted as marina
consultants for CVC. MSI’s scope
of works included undertaking site
condition assessment audits of all ten
D-Marin marina operations across
Croatia, Greece and Turkey. In addition,
the company assisted in identifying
potential new marina sites over a period
of nine months.
MSI director, James Beaver, said the
consultancy was delighted to have been
appointed to represent CVC interests.
“Marina ownership and operations is a
specialist business, and MSI was wellplaced
to offer its extensive industry
knowledge and experience and assist
the CVC team in understanding the
intricacies of marina acquisition and
ownership,” he explained.
D-Marin has owned and operated
marinas in the Mediterranean since
2003 but only recently diversified
into the UAE, providing management
services to several existing marinas
and, most notably, the new 1,100 berth
Dubai Marina.
www.marinaworld.com - March/April 2020 11
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