The Acquisition of Europe’s Largest Wellbeing Destination, Backed by One of the Industry’s Largest Single-Asset Financings
Therme Group announces the acquisition of Therme Erding, the largest wellbeing destination globally located near Munich in Germany. With this transaction, Therme Group is set to surpass 3.5 million annual visitors to its portfolio of wellbeing destinations, a new type of social infrastructure that integrates all aspects of wellbeing in a single location.
To complete the acquisition of Therme Erding, Therme Group deployed alongside its own equity a €320 million funding package secured from Macquarie Capital's Principal Finance team, —globally recognized as a leader in bespoke and complex real asset financing solutions. The funding, arranged by Deutsche Bank, represents one of the largest single-asset financings in the industry. The acquisition of Therme Erding reinforces Therme Group’s leadership in the sector and its commitment to advancing the expansion of its state-of-the-art wellbeing infrastructures worldwide.
Alexi Antolovich, Global Co-Head Real Estate, Macquarie Capital Principal Finance
The addition of Therme Erding to Therme Group’s portfolio is the culmination of a long-standing personal relationship of the Wund family with Robert Hanea, the CEO and founder of Therme Group, built on a shared commitment to advancing science-backed wellbeing solutions that combine the benefits of traditional thermal bathing with cutting-edge technology and programming to create an accessible, world-class experience.
Dipl. Ing. Jörg Wund, CEO of Therme Erding
This milestone establishes Therme Group as the world’s largest operator of wellbeing infrastructure. Building on this strong foundation, the group has announced new locations in Manchester, Frankfurt, Toronto and the US, which will help bring its transformative approach to millions more people.
Dr. Robert Hanea, Founder and CEO of Therme Group
Therme Group was supported on the transaction by Alantra, Rödl & Partner, PwC, K&L Gates, and Slaughter and May, with the financing structured by Deutsche Bank and BF.direkt Group. Deutsche Bank also acted as arranger for the financing, while Macquarie Capital was advised by Freshfields Bruckhaus Deringer.