International law firm Ashurst advised daphni, Triodos Organic Growth Fund, Quadia and Spice Capital on the €4 million investment in Beendhi group, which specialises in vegetable-based organic food products.

Founded in 2013 by Beena Paradin Migotto and Yannick Migotto, Beendhi offers vegetable-based organic products and culinary recipes and concepts, distributed through its brands Beendhi in specialised distribution and Alaya for large retail distribution. The ambition of the two founders is to quadruple the size of Beendhi over the next two years, with the creation of new manufacturing plants in Southern France and Rhine Rhône.

The fundraising will allow Beendhi to widen its offering and expand its product range from 50 to 500 recipes by 2020, tailoring its products to the needs of each customer, to develop its online platform, to strengthen the customer-supplier relationship and to build an innovative and even more locally-based production model.

The Ashurst team was led by Paris-based corporate/M&A partner Anne Reffay, assisted by senior associate Isaure Sander.