Nayax Acquires IPS Group from Windjammer Capital for $350 Million

IPS Group Acquires Populus Technologies

November 6, 2025

Transportation

IPS Group, a San Diego-based provider of smart parking and curb management technologies, has acquired Populus Technologies, a San Francisco-based provider of mobility data, curb management and parking payments software. The acquisition will integrate Populus' mobility and curb-data platform with IPS's parking, payment and enforcement systems to expand IPS's smart mobility capabilities for municipalities, universities, transportation agencies and private operators.

Nayax Acquires UPPay to Expand in Brazil

February 28, 2025

Payments & Fintech

Nayax has acquired UPPay, a Brazilian digital payments and telemetry provider for automated self-service coffee machines, adding roughly 25,000 unattended points-of-sale to its Brazil footprint. The deal will integrate UPPay with Nayax's recently acquired VMtecnologia to consolidate payments, sales and technical capabilities and support further expansion across Latin America.

Integrated Power Services Acquires Wind Solutions LLC

December 4, 2023

Renewable Energy

Integrated Power Services (IPS) has acquired Wind Solutions LLC, a Sanford, North Carolina-based specialist in repair upgrades, accessory components, and patent-protected yaw system components for utility-scale wind turbines. The acquisition expands IPS’s renewables capabilities by adding in-house design, engineering, manufacturing and IP to support owner-operators and utilities across North America.

Nayax Acquires Retail Pro International for $36.5 Million

October 30, 2023

Software

Nayax Ltd. has entered into a definitive agreement to acquire 100% of Retail Pro International, a global retail point-of-sale (POS) software provider. The deal, valued at an implied enterprise value of $36.5 million (cash-free, debt-free), is expected to close in Q4 2023, subject to customary conditions and earnout targets.

Apax Partners Makes ~$450M Minority Investment in IBS Software

May 16, 2023

Cloud & SaaS

Funds advised by Apax Partners agreed to invest approximately $450 million to acquire a significant minority stake in IBS Software from Blackstone. The transaction will leave founder V K Mathews as majority shareholder and positions Apax as a strategic partner to help IBS accelerate growth of its cloud-native travel and logistics SaaS platform.

Windjammer Capital Investors Partners with IPS Group, Inc.

March 1, 2021

Transportation

Windjammer Capital Investors has made a platform investment in IPS Group, Inc., partnering with IPS management to accelerate growth of the smart parking systems provider. IPS, headquartered in San Diego, offers an integrated smart parking hardware and SaaS analytics platform for municipalities and parking operators; Windjammer called IPS its fourth platform investment from Fund V.