CVC DIF, the infrastructure arm of private markets manager CVC, completed the acquisition of a majority stake in Cernaval, a Spanish shipyard that repairs, maintains, and converts commercial vessels. The investment gives CVC DIF a position in one of the world’s busiest maritime hubs. Cernaval operates under a long-term concession at the port, which sits on the Strait of Gibraltar and sees more than 120,000 vessels pass each year.
CVC DIF plans to invest in modernising the shipyard, broadening its capabilities, and strengthening its commercial and operational processes, alongside further digitalisation and energy-efficiency measures. The aim is to reinforce Cernaval’s position in the western Mediterranean.
Source: PE Insights · Summarized by HeadlinesBriefing