Therme Group Expands Wellness Empire with Acquisition of Therme Erding

Deal News | Dec 13, 2024 | PR Newswire Cision Therme Group

Therme Group, a leading global owner, operator, and developer of wellness infrastructure, has announced its acquisition of Therme Erding, the largest wellness destination in the world, located near Munich, Germany. This acquisition is part of Therme Group's strategy to expand its portfolio and redefine urban wellness infrastructure, with an annual visitor target exceeding 3.5 million. The acquisition was supported by a €320 million financing package facilitated by Macquarie Capital Principal Finance—a significant one-off financing in the wellness sector. Deutsche Bank served as the financial intermediary in this transaction. The acquisition emphasizes the strategic move by Therme Group to solidify its position as the foremost global operator of wellness infrastructure and reflects ongoing plans to introduce new facilities in major cities such as Manchester, Frankfurt, Toronto, and the USA. The transaction also highlights the longstanding personal relationships and shared vision between the founders and operators of Therme Group and Therme Erding. Supporting entities in this acquisition included legal and financial advisory from Alantra, Rödl & Partner, PwC, K&L Gates, Slaughter and May, Deutsche Bank, and BF.direkt Group. The transaction showcases not only an expansion in facilities but also a revolutionary approach as Therme Group intends to make wellness accessible and inclusive on an urban scale.

Sectors

  • Wellness and Leisure
  • Real Estate & Infrastructure
  • Financial Services

Geography

  • Germany – Germany is the location of the acquired asset, Therme Erding, central to the article's focus.
  • United Kingdom – The UK serves as Therme Group's headquarters, implying its central role in strategic and operational decision-making.
  • Global – The article discusses Therme Group's global expansion plans and presence in cities like Manchester, Toronto, and Frankfurt, emphasizing the international scope.

Industry

  • Wellness and Leisure – The core focus of the article is on wellness and leisure industry expansion through the acquisition of Therme Erding to enhance Therme Group's global wellness offerings.
  • Real Estate & Infrastructure – The industry is relevant as the acquisition and investment involve significant real estate assets, highlighting the infrastructure development aspect of the wellness facilities.
  • Financial Services – The involvement of Macquarie Capital and Deutsche Bank indicates a substantial financial services component, including financing and investment advisory roles.

Financials

  • €320 million – Financing package provided by Macquarie Capital for the acquisition of Therme Erding.

Participants

NameRoleTypeDescription
Therme GroupAcquirerCompanyA global owner, operator, and developer of wellness infrastructure.
Therme ErdingTarget companyCompanyThe largest wellness destination in the world, located in Germany.
Macquarie CapitalFinance providerCompanyProvided €320 million financing package to support the acquisition.
Deutsche BankFinancial intermediaryCompanyActed as the intermediary in structuring the financing.
Alantra, Rödl & Partner, PwC, K&L Gates, Slaughter and MayAdvisorsCompanyProvided legal and financial advisory services for the transaction.
Robert HaneaCEO and FounderPersonCEO and founder of Therme Group.
Jörg WundCEOPersonCEO of Therme Erding and part of the Wund family, who have a long-standing relationship with Therme Group.