Puig’s stock market fortune amounts to 10.5 billion euros between the “house” of Paco Rabanne and the Catalan Fluidra or Colonial.
The Puig family is known in the financial markets, although it is now, after the listing of their company, that the heirs of the saga have begun to appear in the headlines. His presence among the major companies of our country is not limited only to his company Puig Brands, but also present through various related companies or family offices in securities such as Inmobiliaria Colonial or Fluidra, among those listed on the Ibex 35.; They have significant investments in the real estate world and are active investors in venture capital funds targeting high net worth clients.
That same Friday, Puig took part in the largest (barring a surprise) IPO in Europe in all of 2024., a year in which investor appetite for acquisitions and companies to go public appears to have returned, given current conditions have opened a window of opportunity. Having received a good reception among those who decided to support his debut, Puig was listed on the stock market at the highest expected price (€24.5 per share) with a capitalization of over €13.9 billion.. Of these, 72% will remain in family hands, implying a valuation of 10 billion euros; and this led to the fact that they overnight entered the ranking of the richest people in the world. At the beginning of the year, the fortune of the Puig dynasty (with its four family branches: Puig Rocha, Puig Guas, Puig Alsina (children of Enrique Puig) and Puig Alsina (children of José Maria Puig)) was estimated at approximately 2.3 billion euros, according to spec. Richest in Spain 2024 published by EL MUNDO. It must not be forgotten that, politically, the Puigs will maintain tight control over the company to which they have given their name, since after the flotation they will retain 92.5% of the shares.
Behind it, The family is present in the capital of another Catalan listed company, Inmobiliaria Colonial, where it retains a 7.375% stake, making them the third largest shareholders of SOCIMI. Following Qatar’s sovereign wealth fund and Mexican investor Carlos Fernandez, he is president of the Modelo brewing group and founder of Finaccess. In February 2022, the Puigs decided to enter the capital of a real estate company managed by Pere Viñolas, purchasing a 5.3% stake through one of its assets, Trudonba XXI, which at that time was in the hands of Exea Ventures and which is now united under the umbrella of Exea Inversiones Inmobiliarias, a Swiss company specialized in investments in brick In our country. For this reason, and also because of the tight control that the Puchis have over the capital of their company, there are those who have found parallels with the story of Amancio Ortega, the founder of Inditex, who controls 51% of the company and is responsible for Pontegadea, your real estate. To fill this gap (Inditex’s value on the stock market alone is 10 times higher today), the investment in Colonial adds approximately €220 million in additional assets for Puigs.
In the capital of Colonial they share shares with CriteriaCaixa, the investment holding company of the Foundation, which also owns just over 3% of the capital of the firm, specialized in the rental of luxury offices in the best areas of Paris, Madrid and Barcelona, including the order. The company, led by Isidro Faine, also wanted to support the Puig IPO with its presence, acquiring a 3% stake for 425 million euros.
The biggest listed company investment for the Puigs is the investment they hold in Fluidra. Manuel Puig Rocha does this with 7% of the capital of the swimming pool manufacturer through his company Schawarzsee 2018 SL, with tax headquarters in Barcelona and which is the third link in the chain of companies that he owns and where everything depends on Lyskamm 1861 SL, the first list. This percentage of shares is valued at current prices at approximately 275 million euros. Puig Rocha is the current vice president of the family company, as well as a director of Colonial and Fluidra, their relationship spanning more than ten years. And the investment hasn’t gone badly for them. In the last ten years alone, Fluidra has increased its market value sevenfold, to 4 billion today, although during the pandemic (and stay home boom) almost doubled this figure.
In addition, the Puigs are the first shareholders of the Galician fashion group. Adolfo Dominguez in a very long-term relationship. Through family assets, the family owns 14.8% of its capital, estimated at almost 8 million euros, but this history goes back a long way, namely from the beginning of the century. In 2000, the Puig family took control of the Myrurgia perfume group, which at that time was responsible for the development and production of perfumes for Adolfo Dominguez. As a result of this acquisition, Puig Brands began selling the Galician company’s fragrances and years later became a shareholder.