CVC and Therme Group Form €1bn Therme Horizon Joint Venture
June 17, 2025
Therme Group and CVC Capital Partners announced a strategic joint venture, Therme Horizon, in a deal valued at over €1 billion that will see the partners become equal owners of a new holding company anchored by Therme Erding (Germany) and Therme Bucharest (Romania). CVC will also co-invest in the development of Therme Manchester, with closing expected in the second half of 2025 subject to regulatory approvals.
- Buyers
- CVC Capital Partners, Therme Group
- Targets
- Therme Erding, Therme Bucharest, Therme Manchester (development)
- Industry
- Restaurants & Hospitality
- Location
- Bavaria, Germany
- Transaction Type
- Growth capital
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