Therme Group acquires Therme Erding and secures 320m. euros financing

 

LONDON – 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 euros 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.

“Therme Erding is an exceptionally high-quality asset and we are delighted to be able to utilise our balance sheet to partner with an experienced operator in Therme Group. Therme Group stands out as a best-in-class operator and developer of these specialised operating real estate assets, and we are pleased to support their growth.” said Alexi Antolovich, Global Co-Head Real Estate, Macquarie Capital Principal Finance.

The addition of Therme Erding to Therme Group’s portfolio is the outcome 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.

“In Therme Group we have found an established and proven partner who shares the innovative wellbeing legacy I built alongside my father. This acquisition not only honors that legacy but also ensures a vibrant and prosperous future for Therme Erding, its employees, and the community it serves.” says 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.

“As we expand globally, we are not just growing our portfolio – we are redefining how cities can integrate spaces that prioritize health, connection, and inclusion, making urban wellbeing accessible to all. By breaking away from the exclusivity of the traditional wellness sector, we aim to reimagine the sector’s potential and its benefits for society as a whole.” said 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

Tags: Alexi Antolovich,  Macquarie Capital Principal Finance, Ing. Jörg Wund,  Therme Erding, Germany,    Therme Group