Loto del Sur has sold a stake in the company to Puig
The private shareholder of Loto del Sur has sold a 55% stake in the company to Puig on a two-stage transaction, with an initial 35% stake. Financial details have not been disclosed.
Cosmetika SAS operates under Loto del Sur, a premium natural cosmetic brand that operates its own stores, at an affordable price. The company was founded in 2001 and opened its first store in 2010. Loto del Sur has seven stores in Colombia. The company had revenues of US$4.7 million in 2018.
Puig is a Spanish family-owned company that engages in the fashion and fragrance business. The company operates under their own brands, including Nina Ricci, Carolina Herrera, Jean Paul Gautier, Paco Rabanne, Penhaligon’s and L’Artisan Parfumer, as well as licenses such as Prada, Christian Louboutin and Comme des Garçons, among others. Puig has five production plants, four in Europe and one in Mexico, and commercializes its products in 150 countries. In 2017, Puig had revenues of US$2.2 billion with US$258 million net income.
Oaklins’ team in Colombia acted as the exclusive advisor to the seller in this transaction.
Talk to the deal team
Related deals
Provital GmbH has been acquired by EMERAM Capital Partners
Dr. Thomas Brandner has sold a majority stake in Provital GmbH to private equity firm EMERAM Capital Partners. The transaction secures the future development and growth opportunities of the pet food company as EMERAM Capital Partners takes on ownership and acts as its strategic partner.
Learn moreVenus Wine & Spirit Merchants plc has been acquired by Booker Group Ltd., a subsidiary of Tesco plc
The shareholders of Venus Wine & Spirit Merchants plc have sold the company to Booker Group Ltd., a subsidiary of Tesco plc. The move allows the Tesco subsidiary to bolster its on-trade portfolio through the addition of Venus’ range of over 2,000 spirits, beers, wines and soft drinks.
Learn moreKees Smit Tuinmeubelen has been acquired by Craft Capital
Kees Smit Tuinmeubelen, a leading family-owned omnichannel retailer of garden furniture and related accessories, has agreed to sell a majority stake to Craft Capital, a Netherlands-based investment firm. The transaction is still subject to fulfillment of customary closing conditions.
Learn more