Therme Group, a global leader in large-scale urban well-being destinations, and CVC have established a strategic joint venture named Therme Horizon.WHO: Therme Horizon aims to explore opportunities to expand the Therme Group's operational footprint, leveraging CVC's expertise in the leisure sector. The group is open to strategic acquisitions but will be highly selective.Therme Group is a global developer, owner, and operator of next-generation well-being destinations—large-scale urban resorts that integrate nature, sustainable design, and cultural programming to improve individual and collective well-being. Current flagship destinations include Therme Bucharest—the first LEED Platinum-certified well-being resort—and Therme Erding, Europe's largest and most visited thermal destination. New destinations are in various stages of development in Manchester, Frankfurt, Incheon, Toronto, Washington, DC, Dallas, and Dubai. CVC is a leading global private markets manager with a network of 30 office locations throughout EMEA, the Americas, and Asia, with approximately €202 billion of assets under management. Funds managed or advised by CVC's private equity strategy are invested in approximately 140 companies worldwide, which have combined annual sales of over €168 billion and employ over 600,000 people.WHY: The partnership brings together Therme's proven expertise as a developer and operator with CVC's financial strength and track record of investing in high-quality, founder-led businesses.