Aquardens Secures Majority Investment from Eurazeo's EZORE Fund
Deal News | Feb 27, 2025 | Eurazeo
Eurazeo's Real Estate team has announced the acquisition of a majority stake in Aquardens, Italy's largest thermal park. This deal represents the first investment by the EZORE fund, launched in December 2024, with a focus on operational real estate assets across Europe, especially those embedded within leisure and hospitality sectors. Aquardens, founded in 2008 and strategically located near major Italian tourist destinations, plans to reinvest alongside Eurazeo's team to enhance its customer offering by expanding its spa and sauna services, adding new amenities, and developing a 4-star hotel onsite. Eurazeo aims to further support Aquardens' sustainable initiatives like decarbonizing the asset and producing renewable energy. This transaction highlights the fund’s commitment to creating value through asset improvement and taking advantage of trends in experience-driven consumption and demographic shifts. Eurazeo's dual approach focuses on supporting business growth and asset enhancement, marking a transformational step for both the EZORE fund and Aquardens into greater European prominence.
Sectors
- Real Estate Investment
- Leisure and Hospitality
- Sustainable Investment
Geography
- Italy – Aquardens, the target company, is located in Italy, which is a focal point of the investment.
- Europe – The EZORE fund is focused on operational real estate investments across Europe, making the continent the geographical scope of the strategy.
Industry
- Real Estate Investment – This sector is relevant as Eurazeo’s acquisition through the EZORE fund is targeting operational real estate, specifically the thermal park, to enhance asset value.
- Leisure and Hospitality – Aquardens operates as a thermal park offering leisure and wellness services, aligning with trends in experience-driven consumption within this industry.
- Sustainable Investment – Eurazeo's commitment to environmental responsibility and sustainability in its investment indicates relevance to sustainable investing practices.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eurazeo | Acquirer | Company | A leading global investment firm with a portfolio of 33.6 billion euros in assets under management, diversified through several unlisted asset classes. |
| Aquardens | Target Company | Company | Italy's largest thermal park offering a variety of leisure and wellness services, aiming to enhance consumer experience and sustainability. |
| EZORE Fund | Funding Vehicle | Company | A fund established by Eurazeo focused on Operational Real Estate assets throughout Europe. |