iGPS to Be Acquired by Balmoral Funds, One Equity Partners
June 07, 2013
iGPS has agreed to sell substantially all of its assets to a joint venture formed by Balmoral Funds, One Equity Partners and a pair of individual investors. iGPS owns and operates a global pallet rental pool of plastic platforms with embedded RFID tags. To facilitate the sale, iGPS has filed for a voluntary petition with the U.S. Bankruptcy Court. Crystal Financial has provided a Debtor-in-Possession facility to support the company through the sale process and intends to facilitate the emergence with exit financing.