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
Salmo Group has acquired SAENGER Top Tackle and Westline Angelgeräte
Salmo Group SIA, a Riga-based family-owned fishing products vendor, has acquired SAENGER Top Tackle GmbH and Westline Angelgeräte GmbH, German wholesale distributors of fishing tackle across Western Europe.
Learn moreNuzoa has acquired Agrofauna
Nuzoa, a provider of value-added services for pets and livestock in the Iberian Peninsula, has acquired 100% of Agrofauna. This transaction reinforces Nuzoa’s presence in the Portuguese market, particularly in the northern region, marking another step toward its ambition to become the leading operator while further consolidating its brand across Iberia.
Learn moreArmira has signed an agreement to acquire a majority stake in Viabus
Armira, a Germany-based investment firm, has signed an agreement to acquire a majority stake in Viabus, a leading Dutch tour operator focused on senior and young senior travelers.
Learn more