Bathing facility operator Aire Ancient Baths has partnered with strategic investor Khemia to accelerate its plan to expand internationally.WHO: Aire Ancient Baths was founded in 2001 and opened its first bathing facility in Seville, Spain. The company’s network of wellness facilities comprises 10 properties in nine cities in Europe and North America. Each one offers hydrotherapy bathing circuits and body treatments inspired by Greek, Roman, and Ottoman traditions within architecturally similar settings. The current portfolio of Aire Ancient Baths locations are found in Europe and North America.WHY: The funds will facilitate the progressive opening of new bathing facilities in select international markets. IN THEIR OWN WORDS: Amadeo Serra, CEO of Aire Ancient Baths, said, “Our goal is to accelerate our international growth. We want to take advantage of all the opportunities the market offers us. Bringing in Khemia as a shareholder allows us to strengthen our capital structure and face the next growth phase with a solid financial position. Khemia is a business with a long-term vision aligned with ours, which fully supports our strategy and provides a solution totally adapted to our needs.”Tomás de Heredia, CEO of Khemia, said, “Aire Ancient Baths is a unique asset. It is the global leader in its sector, has a very solid competitive position, significant growth potential and great value creation capacity.”DETAILS:Khemia has become a minority shareholder of Aire Ancient Baths.Aire Ancient Baths says it employs more than 1,100 people and serves hundreds of thousands of guests each year across its portfolio of locations.