EcorNaturaSì, an Italian producer and supplier of bio products, received an equity investment of undisclosed amount.
Backers included Red Circle Investments (Renzo Rosso family), which acquired a 26,1% stake, and Forever (Rossi Cairo family), which acquired a 8,7% stake. They joined Libera Fondazione Antroposofica Rudolf Steiner (which owns the majority of EcorNaturaSì via Ariele Holding) and the Paravicini Crespi family.
The company intends to use the funds to expand the number of stores and support its biodynamic farms in the production of products.
Founded in 1987 and led by Fabio Brescacin, President, EcorNaturaSì operates NaturaSì (which has 113 stores across Italy), Cuorebio (300 stores) and Baule Volante (which specializes in bio products and small stores).
In 2013, the company had a production value of about €230m, +12% in comparison with 2012.