The private equity firm managed by Quadrivio & Pambianco is investing in the Italian fashion label alongside former Gucci CEO Patrizio di Marco. Brothers Giuliano and Giordano Calza, who founded the brand in 2015, will retain a “significant” stake in the company, according to a statement.

Despite disruptions caused by the pandemic, GCDS continued to grow this year, hitting a turnover of €20 million, according to the company. Asia is a particularly strong market for the brand and the new capital will be used to bolster its omni-channel distribution in the region and in the American market.

GCDS is Made In Italy’s third investment in the fashion sector. Sustainability-focused label 120% lino and accessories brand Rosantica already sit within the firm’s portfolio. It expects to complete another fashion investment before the end of the year.