Aquardens Acquired by Eurazeo: Strategic Growth Plan Initiated
Deal News | Jun 03, 2025 | Finance Community IT - 3 Private Equity
Eurazeo, through its Ezore fund, has closed the acquisition of a majority control in Aquardens, Italy's leading thermal park. In a strategic move to bolster and accelerate its growth, Aquardens' current management has also reinvested alongside Eurazeo. The completion of this transaction marks the beginning of a strategic development plan for Aquardens. Advising Eurazeo on this deal were Clearwater, in the roles of both financial and debt advisor, and BonelliErede for legal and fiscal aspects. Aquardens was supported by Intesa Sanpaolo IMI Corporate & Investment Banking as financial consultant, and Fratta Pasini e Associati for legal and tax advice. The transaction was financed through acquisition financing and a dedicated capex line facilitated by Intesa Sanpaolo and Banco BPM. Expansion plans include the enhancement of core infrastructure and services, a four-star hotel construction, and a transition towards carbon neutrality in alignment with Eurazeo's O+ strategy. Established in 2008, Aquardens has become Italy's largest thermal park offering diverse wellness and leisure services. Located in Verona, it employs over 100 full-time staff.
Sectors
- Private Equity
- Hospitality and Tourism
- Environmental, Social, and Governance (ESG)
Geography
- Italy – Aquardens is based in Italy, and the acquisition and growth plans are focused there.
Industry
- Private Equity – The article involves Eurazeo, a private equity firm, acquiring a majority stake in Aquardens.
- Hospitality and Tourism – Aquardens operates in the hospitality and tourism sector as a thermal park offering various wellness services.
- Environmental, Social, and Governance (ESG) – Eurazeo's O+ strategy emphasizes carbon neutrality and enhancing ESG profiles, central to Aquardens' development plans.
Financials
- Not specified – The article does not provide specific financial figures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aquardens | Target | Company | Italy's largest thermal park providing wellness and leisure services. |
| Eurazeo | Bidding Company | Company | A global investment firm acquiring a majority stake in Aquardens through its Ezore fund. |
| Clearwater | Financial and Debt Advisor | Company | Advised Eurazeo on financial and debt-related aspects of the acquisition. |
| BonelliErede | Legal Advisor | Company | Provided legal and fiscal advice to Eurazeo for the acquisition. |
| Intesa Sanpaolo IMI Corporate & Investment Banking | Financial Consultant | Company | Provided financial consulting to Aquardens for the transaction. |
| Fratta Pasini e Associati | Legal and Tax Advisor | Company | Provided legal and tax advice to Aquardens. |
| Banco BPM | Lender | Company | Provided acquisition financing and capex line for the deal. |