CVC DIF, the infrastructure arm of CVC, has completed the acquisition of a majority stake in Cernaval, a Spanish shipyard specialising in the repair, maintenance and conversion of commercial vessels. Financial terms and the precise size of the stake were not disclosed.
Cernaval operates from the Campamento yard in the Port of Algeciras Bay under a long term port concession, on the Strait of Gibraltar, through which more than 120,000 vessels pass each year. Its facilities include a 400 metre drydock, a 230 metre floating dock, repair berths and workshops. The company, founded more than 30 years ago, worked on 68 vessels in 2025 and employs about 275 people a year.
CVC DIF says it will work with management to modernise the yard, broaden its technical capabilities and improve commercial and operational processes, with further digitalisation and energy efficiency measures planned. Founder Mario Lopez will remain involved, supporting the management team.
The port authority put the deal in a wider investment frame: its business plan provides for 677 million euros of its own investment through 2030, accompanied by a further 711 million euros of private investment in projects linked to port activity. CVC DIF manages about 25 billion euros of infrastructure assets.