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Therme Group
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CVC Capital Partners IX
CVC

Therme Group

Co-invested company
Founded in 2025, Therme Horizon is an operator of wellness and water leisure centers in Europe. The company operates large-scale spa complexes combining relaxation, health and entertainment, accessible all year round to a wide public.

Therme Group key figures

40 M
visitors since creation
+ 20
years of experience
+ 3 M
visitors per year
6
country
Data as at
6/5/26
*Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

The fpci The Altaroc Odyssey private equity fund is no longer accepting new investments.

About Therme Group

Therme Horizon is a European operator of large-scale wellness and water leisure centers. The company operates two of Europe's largest spa complexes: Therme Erding in Germany, considered the world's largest thermal spa, and Therme Bucharest in Romania, the country's main tourist attraction in 2024.With around 3.5 million visitors a year, the company is firmly established in densely populated urban areas, with little direct competition and high visitor numbers all year round.

Therme Horizon offers a complete range of relaxation, health, leisure and catering services, accessible to all generations at affordable prices. The business model is based on repeatable experiences, regular attendance and low sensitivity to seasonality. The company benefits from strong growth potential, underpinned by sustainable trends in wellness, expansion projects and the ongoing digitization of the customer experience. It embodies a new generation of wellness centers conceived as modern social infrastructures.

In the same sector as Therme Group

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