Rödl Advises Therme Group on the Acquisition of Therme Erding

The acquisition of Therme Erding underscores Therme Group’s leading position in the industry and its commitment to driving the global expansion of its state-of-the-art wellbeing infrastructure. Deutsche Bank is providing one of the largest financings in the industry for a single asset.

Dr. Robert Hanea, Founder and CEO of Therme Group: “As part of our global expansion, we are confident that with Rödl as our advisor we have the right support for our pioneering projects. We are not only expanding our portfolio – we are setting new standards for how cities can integrate spaces that prioritize health, connection and inclusion, making wellbeing accessible to everyone.”

Throughout the planning, structuring and implementation, Therme Group was supported comprehensively by a specialized Rödl transaction team providing financial and tax advice. Overall project management was led by Partner Florian Kaiser, who has advised Therme Group comprehensively for many years. The tax team was complemented by Associate Partner Dr. Tobias Schädle and Associate Vanessa Spindler, as well as, for specialist real estate matters, real estate transfer tax expert and Associate Partner Martin Weiß. Florian Kaiser also coordinated the international teams in Austria, Romania and England that were involved in the acquisition and financing structure.

The Financial Due Diligence was carried out by the Transaction & Valuation Services team under the leadership of Partner Jochen Reis.

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According to its own information, Therme Group is one of the world’s leading companies in the wellbeing industry. Its projects are based on the historic traditions of thermal baths, combined with state-of-the-art technology. Environmental awareness is a core concern of Therme Group. As a result, Therme Bucharest, which belongs to the group, is the only spa of its kind worldwide to have achieved LEED Platinum certification for environmentally conscious building.

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Therme Erding opened in 1999 and established itself as the first large-scale facility of its kind. Over the past 25 years, the thermal spa has developed, according to its own information, into the world’s largest spa, with up to 12,000 guests per day. Today, the Bavarian spa is internationally known, with an area of more than 185,000 m², and attracts up to 1.9 million visitors annually. Additional locations are already in development, including in Manchester, Frankfurt, Toronto and various cities in the USA.

Advisors to Therme Group

RÖDL

Tax

• Florian Kaiser, Partner, Nuremberg – Overall project management
• Dr. Tobias Schädle, Associate Partner, Nuremberg
• Martin Weiß, Associate Partner, Nuremberg
• Sandra Schöffel, Senior Associate, Nuremberg
• Sophie Dinkelmeyer, Associate, Nuremberg
• Lisa Maier, Associate, Nuremberg
• Vanessa Spindler, Associate, Nuremberg
• Erich von Tüllenburg, Partner, Vienna
• Andreea Stanica, Partner, Bucharest

Financial

• Jochen Reis, Partner, Eschborn – Head of Financial
• Inga Grümpel, Associate Partner, Eschborn

Rödl Austria

• Erich von Tüllenburg, Partner, Vienna

Rödl Romania

• Andreea Stanica, Partner, Bucharest

Claritas Tax, England

• Fiona Holloway, Associate Partner, Birmingham