GP Capital Partners Provides Strategic Growth Capital to iwi

HOUSTON, Jan. 18, 2022 /PRNewswire/ -- GP Capital Partners, LP ("GP Capital Partners" or the "Fund") is pleased to announce a recent strategic growth investment in Qualitas Health d/b/a iwi ("iwi" or the "Company"), a globally recognized producer of plant-based omega-3 and protein products marketed direct-to-consumer and to retailers across the United States. The $8 million investment by Houston-based GP Capital Partners consisted of $5.5 million in senior secured term debt and a $2.5 million direct equity investment. The Company will use the proceeds to accelerate sales of its existing products while the Company ramps up development, marketing and growth of its new protein-based product and enters new international markets. Headquartered in Houston, Texas, the Company has disrupted the algae-farming paradigm by growing its distinctive microscopic algae in cultivation pond systems the size of football fields built on non-arable land in the deserts of New Mexico and Texas. The Company's products are designed for applications in personalized nutrition, high-performance sport nutrition products and adult nutrition for protein deficiencies.GP Capital Partners joins iwi's world-class family of investors including Grupo Indukern, GullspA?ng Re:food VC, PeakBridge VC, , Arancia Group, Trucent, SASA and Minrav. Gina Luna, Principal of the Fund, said: "We are excited about our investment in iwi. They have a proprietary and scalable process to create in-demand products in a sustainable manner. We look forward to working with iwi's management team as they pursue this transformative opportunity."
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Май 2022    »