Clifford Chance has advised CVC Capital Partners on the deal.
CVC Fund VII acquired the Turkish, Greek, Croatian, Montenegrin and UAE businesses of D-Marin, an operator of premium yacht marinas, from Turkish conglomerate Dogus Group.
D-Marin runs an international chain of 14 premium yacht marinas across the Eastern Mediterranean and the UAE, with several new global locations identified for growth.
D-Marin currently operates the Jaddaf Waterfront, Business Bay and Al Seef marinas in Dubai as well as Dubai Harbour which boasts the most advanced cruise terminal and the largest smarina in the Gulf region.
Founded in 1981, CVC is one of the world’s leading private equity and investment advisory firms, with US$109.1 billion of assets under management.
Mohammed Al-Shukairy (Picture) led the cross-border team, assisted by partner Deniz Tas, counsel Daniel Boyle and associate Mohamed Tighilt in Dubai, partner Itir Çiftçi in Istanbul and partner Andrew Husdan and associate Tina Xu in London.
Involved fees earner: Mohammed Al-Shukairy – Clifford Chance; Daniel Boyle – Clifford Chance; Itır Çiftçi – Clifford Chance; Andrew Husdan – Clifford Chance; Deniz Tas – Clifford Chance; Mohamed Tighilt – Clifford Chance; Tina Xu – Clifford Chance;
Law Firms: Clifford Chance;
Clients: CVC Capital Partners;