Puig Brands, a high-end perfumery firm, has successfully placed its shares at a high price through an IPO, reflecting strong investor interest in the company. 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. The investment amounts to 425 million euros and aligns with CriteriaCaixa’s strategy of investing in leading companies in attractive sectors.
Puig operates in 32 countries and has a market share of 11% in selective perfumery. The company sees the IPO as a way to further expand its international presence and fund future growth initiatives. With 17 brands, 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.
Experts believe that Puig is on track to join the Ibex 35 index by the end of the year, underscoring the company’s significance in the Spanish market. 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.
Overall, the IPO of Puig Brands represents a significant milestone for both the company and CriteriaCaixa. With this investment and support from CriteriaCaixa, Puig is well-positioned to continue its growth trajectory and capitalize on opportunities in the global fashion and beauty industry.