CriteriaCaixa has recently invested in Puig Brands through a successful IPO. The La Caixa Foundation, which manages CriteriaCaixa’s assets, has acquired 3.05% of the share capital of Puig Brands through the IPO, demonstrating its confidence in the company’s growth potential. This investment amounts to 425 million euros and is aligned with CriteriaCaixa’s strategy of investing in leading companies in attractive sectors.
Puig Brands is a high-end perfumery firm that has managed to place its shares at a high price, reflecting strong investor interest in the company. Despite selling off some of its political rights to outside investors, the Puig family will retain significant control over the company after the IPO, with 90% of the political rights and over 70% of the economic rights. Puig operates in 32 countries and has a market share of 11% in selective perfumery, but sees this IPO as a way to further expand its international presence and fund future growth initiatives.
Experts believe that Puig is on track to join the Ibex 35 index by the end of the year, underscoring its significance in the Spanish market. With 17 brands under its umbrella, including popular names like Rabanne and Carolina Herrera, Puig has a diverse portfolio that spans various product categories. Its strong international presence and track record of success make it an attractive investment opportunity for CriteriaCaixa.
Overall, this IPO represents a significant milestone for both Puig Brands and CriteriaCaixa. With this newfound support from one of Spain’s largest financial institutions, Puig is well-positioned to continue its growth trajectory and capitalize on opportunities in