Therme Group and CVC formed a joint venture in a €1bn deal.

Therme Group, a wellness infrastructure company, and CVC, a private equity and investment advisory firm, formed a joint venture in a €1bn deal. "Our partnership with CVC marks a major milestone in the trajectory of Therme Group's global expansion. With CVC as our partner, we are committed to scaling our unique wellbeing infrastructure that delivers lasting value to the communities we serve. CVC's significant investment enables us to grow our existing presence in Europe and accelerate our global development," Robert Hanea, Therme Group Chairman and CEO.