#Germany #Munich #Therme Group #Therme Erding #wellness infrastructure

Therme Group's Acquisition of Therme Erding

Therme Group has made headlines with the recent acquisition of Therme Erding, recognized as the largest wellness destination worldwide, located near Munich, Germany. This acquisition marks a substantial milestone for Therme Group as it aims to surpass 3.5 million yearly visitors across its wellness destinations. The transaction also highlights a new breed of social infrastructure that integrates various aspects of wellness within a single location, further enhancing community well-being.

To facilitate this acquisition, Therme Group secured a remarkable €320 million in financing, in partnership with Macquarie Capital's Principal Finance team, which is renowned for its innovative real estate asset funding solutions. Deutsche Bank played a critical role in arranging this pivotal financial backing, which stands out as one of the most significant asset-specific funding efforts in the wellness sector. This acquisition not only fortifies Therme Group's leadership position in the market but also reaffirms its commitment to expanding premier wellness facilities globally.

A Vision for Wellness

Therme Erding's acquisition is made possible through longstanding personal ties between the Wund family and Therme Group's CEO and founder, Robert Hanea. Together, they share a vision of promoting scientifically-backed wellness solutions, merging traditional thermal bathing benefits with innovative technologies to craft an inclusive world-class experience.

Jörg Wund, the CEO of Therme Erding, expressed excitement over the acquisition, stating, "We found in Therme Group an established and proven partner who shares the innovative wellness legacy I built with my father. This acquisition not only honors that legacy but ensures a dynamic and prosperous future for Therme Erding, its employees, and the community it serves."

Global Expansion Plans

This crucial step elevates Therme Group to the title of the largest operator of wellness infrastructure on a global scale. With such a strong foundation, the group is also expanding its operations to new locations, including Manchester, Frankfurt, Toronto, and the United States, ensuring that millions more can benefit from its transformative approach to wellness.

Dr. Robert Hanea emphasized that their global expansion aims to redefine how urban environments can incorporate spaces prioritizing health, connection, and inclusivity, making urban wellness accessible to all. He noted, "By moving beyond the exclusivity traditionally associated with the wellness sector, we seek to reimagine industry potential and its benefits for society as a whole."

Strategic Collaborations

Following this acquisition, Therme Group received support from various reputable firms, including Alantra, Rödl & Partner, PwC, KL Gates, and Slaughter and May. Deutsche Bank and BF.direkt structured the funding, while Macquarie Capital was represented by Freshfields Bruckhaus Deringer during the transaction.

About Therme Group

Therme Group is a global owner, operator, and developer striving to shape the future of wellness through an innovative social infrastructure called "Therme." Designed primarily to enhance physical, social, and mental health, these wellness spaces help communities reconnect with nature and each other. Driven by the belief in accessible wellness for all, Therme Group develops inclusive and scalable solutions to meet the increasing demand for urban wellness.

The current portfolio includes Therme Bucharest, the world’s first LEED Platinum certified wellness infrastructure, and the newly acquired Therme Erding, welcoming millions of visitors annually. Plans are also in motion for sites in cities like Manchester, Toronto, and Frankfurt.

What is a Therme?

A Therme by Therme Group is a state-of-the-art wellness oasis crafted to make wellness enjoyable and accessible, eliminating the exclusivity commonly tied to modern wellness brands. Each Therme offers a diverse range of experiences, from thermal baths and spa treatments to wellness programs and cultural engagement, all within immersive and sustainable settings. With hundreds of thousands of square meters dedicated to wellness, each Therme features thermal and mineral pools, numerous saunas and wellness rooms, relaxation areas, lush greenery, swim-up bars, thrilling water slides, and various dining options. At Therme, guests can explore and define their personal wellness journey.

About Macquarie Capital

Macquarie Capital is Macquarie Group’s division focused on advisory, capital markets, and principal investment, encompassing enterprise advisory services and a full suite of capital solutions, including equity, debt, and private capital raising. Specializing across multiple sectors, Macquarie Capital's Principal Finance arm commits Macquarie's balance sheet to deliver flexible financing solutions and investment strategies for clients in commercial real estate across North America, Europe, and Australasia.