Aquardens Acquisition by Eurazeo: A Strategic Expansion in the Hospitality Sector
Deal News | Jun 03, 2025 | Eurazeo
Eurazeo has announced the completion of its acquisition of a majority stake in Aquardens, Italy's largest thermal park. The acquisition is the first investment by Eurazeo's EZORE fund, which targets operational real estate assets across Europe. Established in 2008 in Verona, Aquardens offers an array of wellness and leisure services. The strategic proximity to tourist locations like Lake Garda makes it a valuable asset. Eurazeo plans to work closely with Aquardens' existing management to stimulate growth, enhance service offerings, and implement a significant capital expenditure program. This program aims to expand park amenities and bolster sustainability initiatives. Eurazeo's investment aligns with its strategic emphasis on experience-driven consumption and sustainable developments within the hospitality and leisure sectors.
Sectors
- Hospitality and Leisure
- Real Estate
Geography
- Italy – Aquardens is Italy's largest thermal park and is located in Verona, Italy, making this geography significant to the transaction.
- Europe – Eurazeo's EZORE fund focuses on investments across Europe, indicating a broader geographical interest.
Industry
- Hospitality and Leisure – The acquisition of Aquardens by Eurazeo involves the hospitality and leisure industry, as Aquardens provides wellness and leisure services.
- Real Estate – Eurazeo's investment through the EZORE fund, which targets operational real estate assets across Europe, situates this transaction within the real estate sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eurazeo | Acquirer | Company | A leading private equity firm investing in multiple sectors including real estate and hospitality. |
| Aquardens | Target | Company | Italy's largest thermal park offering wellness and leisure services. |