CVC DIF completes majority stake acquisition in Cernaval

CVC DIF, the infrastructure business of CVC, has completed its acquisition of a majority stake in Cernaval, a Spanish shipyard focused on repair, maintenance and conversion of commercial vessels. Cernaval holds a long-term concession at the Port of Algeciras Bay.

Cernaval has operated for more than 30 years and employs around 275 people yearly. Its facilities include a 400-metre dry dock, a 230-metre floating dock, quays and workshops, and it worked on 68 vessels in 2025.

CVC DIF plans to work with Cernaval’s management to modernise the shipyard, broaden its capabilities and strengthen commercial and operational processes, including digitalisation and energy-efficiency measures. Founder Mario López said he will continue supporting the company.