Clearwater France has advised the shareholders of France Thermes’ on the disposal of the group to the private equity fund Gimv, together with France Thermes’ Chairman and management team.
Since 2013, France Thermes was owned by Normandie Capital Investissement, Initiative et Finance, Volney Développement, and Chairman of the group, Sylvain Serafini. The group owns, develops and operates two thermal resorts in Bagnoles de l’Orne (Normandy) and Châtel-Guyon (Auvergne). In 2017, France Thermes welcomed approximately 20,000 guests and generated turnover of c.€19m.
The group is one of the French leaders of the thermalism market. Its growth has been driven by its focus on high-quality services, and by a constructive collaboration with all the players in its network - healthcare professionals and local authorities.
