CVC has entered a €1 billion joint venture with Therme Group to create Therme Horizon, focusing on expanding large-scale urban wellbeing destinations across Europe.
Target Information
CVC has entered into a joint venture valued at €1 billion with Therme Group to establish Therme Horizon, a new holding company focused on expanding large-scale urban wellbeing destinations across Europe. This collaboration positions both CVC and Therme Group as equal shareholders in Therme Horizon.
Therme Horizon will initially oversee two of the most frequented wellness resorts in Europe: Therme Erding in Germany and Therme Bucharest in Romania, which collectively attract approximately 3.5 million visitors annually. Additionally, CVC will contribute to the development of Therme Manchester, slated to become Europe’s largest water-based wellbeing destination, set to open in 2028.
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Industry Overview
Wellness tourism has seen remarkable growth in Europe, transforming into a multi-billion euro industry. As consumer awareness around health and wellness increases, urban wellbeing destinations are becomin
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CVC
invested in
Therme Group
in 2023
in a Joint Venture deal
Disclosed details
Transaction Size: $1,067M