Karmo Spirit S.L.

Karmo Spirit S. L. is a Spanish company specializing in the production of premium gins, notably pioneering the strawberry gin category, catering to a diverse global clientele with unique offerings. Founded in 2013 in Spain, Karmo Spirit S.

L. produces high-quality gin, with a significant pivot towards innovative flavors over the years. The company has established its headquarters in Carmona, Andalusia. In February 2018, H.

I. G. Capital acquired a majority stake in the company, although the financial details of the deal were not disclosed. Puerto de Indias offers a variety of premium gin products, including Puerto de Indias Classic, Pure Black, Strawberry, Blackberry, Orange Blossom & Peach, Sweet Melon, and Lemonberry gins.

These products are crafted using traditional distillation techniques from 1880 at their distillery in Carmona, Andalusia, appealing to a broad customer base in various international markets like Europe, North America, and select Asian countries. In the most recent fiscal year of 2023, Karmo Spirit S. L. generated a revenue of USD 39.

48 mn and achieved an EBITDA of USD 2. 44 mn. The company’s revenue model centers on direct sales to consumers and partnerships with retailers and wholesalers, focusing primarily on B2C transactions with popular offerings including their Strawberry and Blackberry gins. Karmo Spirit S.

L. is focused on launching new gin flavors and expanding into additional international markets by 2025, particularly targeting regions in Asia and North America. The funding received from the majority stake acquisition in February 2018 will support these growth initiatives, enhancing production capabilities and marketing efforts.