Therme Group announced the acquisition of Therme Erding, the wellbeing destination 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.
To complete the acquisition of Therme Erding, Therme Group deployed alongside its own equity a €320 million ($335.6 million) funding package secured from Macquarie Capital’s Principal Finance team. The funding, arranged by Deutsche Bank, represents one of the largest single-asset financings in the industry.
“Therme Erding is an exceptionally high-quality asset and we are delighted to be able to utilize our balance sheet to partner with an experienced operator in Therme Group,” said Alexi Antolovich, Global Co-Head Real Estate, Macquarie Capital Principal Finance. “Therme Group stands out as a best-in-class operator and developer of these specialized operating real estate assets, and we are pleased to support their growth.”
The addition of Therme Erding to Therme Group’s portfolio is the culmination of a long-standing personal relationship of the Wund family with Dr. 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 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,” said Dipl. Ing. Jörg Wund, CEO of Therme Erding.
“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,” said Hanea. “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.”
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.
