CVC DIF delivers three exits in quick succession
- CVC DIF exits Boluda Maritime Terminals (BMT) and Mallorca Fire Station, and have signed a sale and purchase agreement to exit TTI Algeciras (TTIA).
- These deals are returning capital to CVC DIF’s investors in spite of the industry’s difficult exit environment.
CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce the successful completion of two portfolio company exits and the signing of another with completion targeted for the next quarter, returning significant capital to investors despite ongoing headwinds in the broader M&A landscape. These deals reflect CVC DIF’s strong portfolio management and commitment to disciplined value creation.
These transactions also demonstrate the strength of CVC DIF’s specialised divestment team, which operates as an integrated function within the investment lifecycle. As part of CVC DIF’s overall value creation model, the team proactively engages across the firm’s portfolio, identifying strategic pathways, cultivating buyer relationships, and optimising timing and structure to maximise value for our investors. This focused approach has enabled CVC DIF to deliver positive outcomes for investors during this recent period of dislocation.
Gijs Voskuyl, Head of CVC DIF commented: “These successful exits are a testament to the strength and foresight of the investment teams, as well as our dedicated divestment team. In today’s market, achieving liquidity requires more than just waiting for favourable conditions, it demands preparation, creativity, and deep market connectivity.”
Andrew Freeman, Partner & Head of Divestments at CVC DIF, commented: “Our core focus is on delivering meaningful outcomes for our investors – that means finding and executing exit strategies that others might overlook, and this is especially important when the broader market is subdued.”
Each of the three businesses have developed well during CVC DIF’s ownership period. Boluda Maritime Terminals which owns eight operational terminals in mainland Spain and the Canary Islands, has transformed its commercial strategy, leading to significant growth. Mallorca Fire Station, an availability-based PPP project on the island of Mallorca, Spain, has embraced significant costs efficiencies and operational improvements. TTIA, a port terminal located at the Strait of Gibraltar in Algeciras, Spain, has undergone multiple upgrades to increase volumes and improve the maturity of the terminal.
These three exits follow other recent divestment activity across CVC DIF’s portfolio including the sale of a 1GW+ portfolio of Australian renewable energy projects and the exit from a 169MW portfolio of Uruguayan wind farm projects.
About CVC DIF
CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.
Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has c. €19 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.
With over 250 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.
CVC DIF forms the infrastructure strategy of leading global private markets manager CVC. This partnership allows CVC DIF to benefit from CVC’s global platform, with 30 offices across five continents.
Press contacts
CVC DIF
Nick Board
Tel: +44 (0) 20 7420 4200
H/Advisors Maitland (for CVC DIF)
Finlay Donaldson
Tel: +44 (0) 7341 788 066
About Boluda Maritime Terminals
BMT owns eight operational terminals with a current total capacity of c. 1.8m TEUs. Three of the terminals are in mainland Spain and the remaining five terminals are in the Canary Islands. The terminals provide container loading and unloading services together with ancillary services such as storage and reefer connections.
About Mallorca Fire Station
Mallorca Fire Station is an availability-based PPP project consisting of a fire station on the island of Mallorca, Spain. The design, build, finance, maintain and operate (DBFMO) contract was awarded in 2007, construction was completed in 2010.
About TTI Algeciras
TTIA is a port terminal located at the Strait of Gibraltar in Algeciras, Spain with an installed capacity of 1.6 million TEUs. TTIA operates under long term concession agreements for container handling and storage services from the Algeciras port authorities.