CVC, Therme Set Up €1 Billion Venture for Spa Resort Investments
CVC Capital Partners Plc and Therme Group are setting up a joint venture to invest in developing spa resorts as the private equity firm looks to expand in consumer-focused industries.
The new venture, Therme Horizon, was created in a deal worth more than €1 billion ($1.2 billion), according to a statement reviewed by Bloomberg News. The deal is expected to close in the second half of this year, subject to regulatory approvals.
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