June
2025
PRESS RELEASE



COMPLETION OF THE AQUARDENS ACQUISITION
Paris, June 3 rd , 2025


Eurazeo, through its Real Estate team and the EZORE fund, announces the completion of the
acquisition of a majority stake in Aquardens, Italy’s largest thermal park. All necessary regulatory
and competitive approvals have now been obtained. This transaction marks the first investment
of the EZORE fund, launched in December 2024, which focuses on operational real estate assets
across Europe.


Founded in 2008 and headquartered in Verona, Aquardens offers a wide range of wellness and
leisure services including saunas, spas, massages, beauty and medical treatments. The park is
strategically located near major tourist destinations such as Lake Gard a, Verona, and Brescia.


Eurazeo is investing alongside the existing management team, with a shared ambition to accelerate
the company’s growth and enhance its customer offering. A significant capital expenditure
program will be launched to expand amenities, including the development of a
4-star hotel, and to improve sustainability through on-site renewable energy production and
responsible water use.


This investment reflects Eurazeo’s commitment to supporting experience-driven consumption and
sustainable value creation in the hospitality and leisure sectors.


ABOUT EURAZEO
• Eurazeo is a leading European investment group with €36.8 billion in diversified assets under
management, including €27 billion on behalf of institutional and retail clients through its
private equity, private debt, real estate and infrastructure strategies. The Group supports more
than 600 mid-market companies, leveraging the commitment of its 400-strong workforce, its
in-depth sector expertise, its privileged access to global markets through 13 offices across
Europe, Asia and the United States, and its responsible approach to value creation base d on
growth. The company's institutional and family shareholding structure, and its solid financial
structure, ensure its long-term viability.
• Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg,
Shanghai, Seoul, Singapore, Tokyo and São Paulo.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR000121121 - Bloomberg: RF FP - Reuters: EURA.PA.




EURAZEO
66, rue Pierre Charron – 75008 Paris
www.eurazeo.com
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June
2025
PRESS RELEASE

EURAZEO CONTACT PRESS CONTACT

Coralie Savin Mael Evin (France)
GROUP CHIEF COMMUNICATIONS OFFICER HAVAS
csavin@eurazeo.com mael.evin@havas.com
+33 (0)6 86 89 57 48 +33 (0)6 44 12 14 91

Pierre Bernardin David Sturken (UK)
MANAGING DIRECTOR – HEAD OF H/ADVISORS MAITLAND
INVESTOR RELATIONS david.sturken@h-advisors.global
ir@eurazeo.com +44 (0) 7990 595 913
+33 (0)1 44 15 01 11




EURAZEO
66, rue Pierre Charron – 75008 Paris
www.eurazeo.com
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