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
Skyfit Academia has been acquired by SFH Holding
Skyfit Academia had been acquired by SFH Holding, an investment vehicle led by Caio Murad Peres. The transaction reflects the attractiveness of scalable fitness platforms in Brazil, supported by Skyfit’s efficient business model, strong expansion track record, more than 800 units sold, nationwide presence and exposure to underpenetrated markets, positioning the company for its next phase of growth and reinforcing its role as a leading consolidation platform.
Learn moreDiederichs Karosserieteile has been acquired by ITAL, a portfolio company of Naxicap
Diederichs Karosserieteile GmbH has been acquired by ITAL Holding, a European automotive aftermarket platform backed by Naxicap Partners.
Learn moreParcom has sold Krifon to Varro
Krifon AS, a leading Nordic B2B distributor specializing in home and garden products, has been acquired by Varro. The transaction marks a new chapter for the company as it continues to strengthen its position as a trusted category partner to leading DIY chains, garden centers and furniture retailers in Norway.
Learn more