CVC and Therme Group Form €1bn Therme Horizon Joint Venture

Therme Group Acquires Therme Erding

December 11, 2024

Restaurants & Hospitality

Therme Group has acquired Therme Erding, the world’s largest wellbeing destination near Munich, Germany, and deployed alongside its own equity a €320 million financing package provided by Macquarie Capital Principal Finance and arranged by Deutsche Bank. The acquisition expands Therme Group’s portfolio—taking it past 3.5 million annual visitors—and establishes the group as the world’s largest operator of wellbeing infrastructure.

CVC Capital Partners Acquires Majority Stake in Grupo GSH

April 16, 2025

Healthcare Services

CVC Capital Partners (Fund IX) will acquire a majority stake in Grupo GSH from Rede D’Or and Opus Investimentos, subject to regulatory approvals expected in Q3 2025. Grupo GSH, headquartered in Rio de Janeiro, is a leading Brazilian provider of hemotherapy (blood bank) and nuclear medicine/radiopharmacy services that serves hospitals and diagnostic centres across the country; CVC said it will support growth into new product categories and patient services.

CVC Acquires Therakos Business from Mallinckrodt for $925M

August 5, 2024

Medical Devices

CVC Capital Partners Fund IX agreed to acquire the Therakos extracorporeal photopheresis business from Mallinckrodt plc for $925 million in a carve-out transaction. CVC said it will invest in further research, indication expansion and geographic growth of Therakos while key Therakos employees will transition with the business; Mallinckrodt will use proceeds to substantially reduce net debt.

Thermon Group Holdings Acquires Vapor Power International

January 15, 2024

Manufacturing

Thermon Group Holdings, Inc. (NYSE: THR) has acquired Vapor Power International, a provider of electric and gas-fired boilers and steam generators, from StonePointe LLC and members of Vapor Power's management. The acquisition (reported at approximately $110 million) expands Thermon's product portfolio into electric resistance, electrode and super critical coil tube boilers, supporting its electrification and decarbonization strategy.

Charme Capital Partners Acquires Majority Stake in Tema Sinergie

October 27, 2022

Medical Devices

Charme Capital Partners (through its Charme IV fund) will acquire a majority stake in Tema Sinergie S.p.A., an Italian manufacturer of isolators and filling/inspection systems for nuclear medicine and biotech pharmaceutical production. The investment will support Tema Sinergie's international expansion, product innovation and growth in theragnostic and biotech segments while preserving management continuity under CEO Stefano Piancastelli.

CVC DIF Acquires 49% Stake in BALANCE Erneuerbare Energien from VNG AG

April 7, 2025

Renewable Energy

CVC DIF (via the DIF Infrastructure VII fund) has agreed to acquire a 49% stake in BALANCE Erneuerbare Energien, the biogas subsidiary of Leipzig-based VNG AG, in a growth partnership to support the business’s expansion. BALANCE operates 42 biogas facilities in northern and eastern Germany (≈197 MW thermal) and supplies green energy to roughly 180,000 households; the transaction is subject to antitrust approval.