Therme Group and CVC have entered into a strategic joint venture, Therme Horizon, valued at over €1 billion, to expand their wellness destinations across Europe, including significant developments like Therme Manchester.
Information on the Target
Therme Group is a renowned global leader in crafting large-scale urban wellbeing destinations. The company specializes in developing and operating wellness facilities that focus on relaxation and rejuvenation, attracting millions of visitors annually. With a commitment to enhancing the quality of life through wellness experiences, Therme Group has established itself as a pioneer in the wellness industry.
Through the newly formed joint venture, Therme Horizon, Therme Group aims to leverage its expertise in the wellbeing sector alongside CVC’s robust investment capabilities. This partnership signifies a strategic convergence of quality service provision and financial strength, which will further amplify the reach of Therme's innovative wellness offerings.
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Industry Overview in the Target’s Specific Country
The wellness industry in Germany is witnessing significant growth, driven by increasing consumer awareness of health and well-being. This trend is expected to continue, with consume
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CVC
invested in
Therme Horizon
in
in a Joint Venture deal
Disclosed details
Transaction Size: $1,068M