Green Brook Capital Closes $15 Million Senior Debt and Equity Investment to Support eData Solutions

SHAWNEE MISSION, Kan. & NEW YORK--()--Green Brook Credit Opportunities Fund LP (“GB COF”), managed by affiliates of Green Brook Capital Management LLC (“Green Brook Capital”), along with existing investor Spectrum Business Ventures, Inc. (“SBV”), has closed a $15 million investment comprised of both a senior secured debt and equity investment to support the growth and recapitalization of eData Solutions LLC (“eData”), a leading provider of software, transaction processing and other related services to the consumer finance industry.

Rakesh Jain, Managing Partner of Green Brook Capital, commented, “This investment is illustrative of our ability to invest across the capital structure in support of middle market companies that can benefit from the strategic, operational and financial resources that we can provide. We are pleased to support eData as it continues to build on its impressive track record of growth and profitability.”

“We chose Green Brook because we wanted an experienced investor that could provide a creative financing solution to facilitate our growth. Their financial services expertise and history of working with companies of our size and nature were also significant positives”, stated Mr. Joel Tucker, Chief Executive Officer of eData. “We look forward to a long, successful partnership together.”

About eData Solutions LLC

eData Solutions, founded in 2002, is a leading provider of software services, transaction processing and other related services to consumer finance companies. eData’s software-as-a-service approach, which includes loan management software capabilities, data analytics, and customer acquisition and qualification, enables credit grantors to leverage eData’s proprietary database to create higher returns on capital. www.edatasolutions.biz

About Spectrum Business Ventures, Inc.

Spectrum Business Ventures is a private investment firm specializing in the execution of compelling and complex business opportunities. SBV’s team has over 60 years of experience across private equity, operations, business law and real estate. SBV originally invested in eData in 2006.

About Green Brook Capital Management LLC

Green Brook Capital is a private investment firm that provides flexible junior capital solutions including private equity and structured senior/mezzanine debt to middle market companies in the U.S. and Canada, undergoing a range of special situations, including ownership transitions, recapitalizations, balance sheet restructurings and distress. Founded in March 2009, Green Brook Capital manages several affiliated funds including GB COF and Green Brook Principal Opportunities Fund LP.

Contacts

Green Brook Capital Management LLC
Rakesh Jain, 917-727-3644
info@greenbrookcp.com

Release Summary

Announcing a private equity and private debt investment by Green Brook Capital Management, a firm that specializes in special situation credit, distressed debt and private equity investments.

Contacts

Green Brook Capital Management LLC
Rakesh Jain, 917-727-3644
info@greenbrookcp.com