Private equity firm CVC Capital Partners has engaged Goldman Sachs to explore the sale of marina operator D-Marin at a valuation of approximately €1 billion, or $1.08 billion, according to Bloomberg. The process is in its early stages and may not result in a transaction, sources familiar with the matter said.

D-Marin operates a network of marinas across the Mediterranean region, generating approximately €70 million in annual revenue. The company has expanded through acquisitions in recent years, building a portfolio of premium marina facilities that cater to luxury yacht owners and boating enthusiasts. This positions D-Marin as an attractive asset in the growing leisure marine sector.

The potential sale comes as private equity firms increasingly look to monetize investments in specialized real estate and hospitality assets. A successful transaction would represent a significant return for CVC, which acquired D-Marin in a leveraged buyout. The engagement of Goldman Sachs suggests the firm is pursuing a broad auction process to maximize value for the asset.