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Whitecase
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Global law firm White Case LLP advised CVC Capital Partners (CVC) on its partnership with Therme Group to establish the €1 billion Therme Horizon joint venture. CVC acquired a 50% stake in Therme Group, which includes Therme Erding in Germany and Therme Bucharest in Romania, both of which are among Europes most frequented wellbeing destinations. The joint venture also involves CVC co-investing in Therme Manchester, a project currently under development that is anticipated to become the largest water-based wellbeing destination in Europe upon its expected opening in late 2028. Therme Group is recognized as a global leader in inclusive urban wellbeing, focusing on creating advanced wellbeing oases that aim to enhance the quality of life for all. The Therme Horizon initiative is designed to serve as a strategic growth platform, facilitating the expansion of Thermes experiential wellness offerings through new developments, facility enhancements, and targeted acquisitions across Europe. This partnership is expected to significantly bolster Thermes market presence and operational capabilities in the wellness sector.