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Fast Casuals Tocaya and Tender Greens Form New Parent Company

Fast Casuals Tocaya and Tender Greens Form New Parent Company
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Breakwater Management Realizes Debt And Preferred Equity Investments In Brown & Settle

Los Angeles-based private investment firm realizes its investments in a market leading site development business focused on the data center market. Stamford, Connecticut, United States., February 23, 2021 - /PressReleasePoint/  – Breakwater Management LP (“Breakwater”), a provider of flexible capital solutions to growing lower middle market companies, announced today that its portfolio company Brown & Settle Investments, LLC (“B&S” or the “Company”) recently completed a recapitalization transaction in partnership with Alaris Equity Partners Income Trust (“Alaris”). The Alaris investment resulted in a full repayment of Breakwater’s senior secured credit facility and preferred equity, and a meaningful return on Breakwater’s common equity position.

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