Therme Group Acquires Therme Erding
Deal News | Dec 11, 2024 | PR Newswire Cision Therme Group
Therme Group, a leading operator in the wellness industry, has acquired Therme Erding, the world's largest wellbeing destination located near Munich, Germany. The acquisition is supported by a substantial €320 million funding package arranged by Deutsche Bank and financed by Macquarie Capital's Principal Finance team. This strategic move is part of Therme Group's mission to create the largest wellbeing infrastructure platform globally. Therme Erding is considered a high-quality asset, and this transaction underscores the commitment of both Therme Group and its partners to advance wellbeing through innovative infrastructure. The acquisition will help Therme Group expand its reach and redefine how urban spaces can prioritize health and wellbeing. The group plans to develop new locations in cities such as Manchester, Frankfurt, Toronto, and the USA. Accompanying this transaction, the Therme Group was advised by a roster of high-profile firms including Alantra, Rödl & Partner, PwC, K&L Gates, and Slaughter and May. The acquisition is highlighted as an effort to honor and carry forward a legacy of wellbeing innovation.
Sectors
- Wellness and Healthcare
- Real Estate
- Finance
Geography
- Germany – Therme Erding, the acquired entity, is located near Munich, Germany.
- United Kingdom – Therme Group is based in London, UK.
- Global – Therme Group operates and is expanding its wellbeing destinations in various global locations, including planned sites in Manchester, Toronto, and Frankfurt.
Industry
- Wellness and Healthcare – The acquisition involves wellbeing destinations integrating aspects of wellness, including thermal bathing and spa treatments.
- Real Estate – Therme Group focuses on developing and acquiring wellbeing infrastructures, making real estate a crucial component of its operations.
- Finance – The transaction includes substantial financing, with Deutsche Bank and Macquarie Capital playing pivotal roles in the financial structuring.
Financials
- €320 million – Funding package secured for the acquisition of Therme Erding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Therme Group | Buyer | Company | Therme Group is the acquirer, a global operator, and developer of wellbeing infrastructure. |
| Therme Erding | Target Company | Company | Therme Erding is the world's largest wellbeing destination, located in Germany. |
| Macquarie Capital | Financing Partner | Company | Macquarie Capital provided the €320 million financing for the acquisition. |
| Deutsche Bank | Arranger/Financial Advisor | Company | Deutsche Bank arranged the financing for the acquisition. |
| Robert Hanea | CEO & Founder | Person | Founder and CEO of Therme Group, instrumental in the acquisition. |
| Alexi Antolovich | Co-Head Real Estate | Person | Global Co-Head Real Estate at Macquarie Capital Principal Finance. |
| Dipl. Ing. Jörg Wund | CEO | Person | CEO of Therme Erding, involved in facilitating the acquisition. |
| Alantra, Rödl & Partner, PwC, K&L Gates, Slaughter and May | Legal/Financial Advisors | Company | Advisors supporting Therme Group in the transaction. |