In Newport Beach, California, Windjammer Capital (Windjammer) has officially agreed to sell its portfolio company, IPS Group, Inc. (IPS), headquartered in San Diego, to Nayax Ltd. for $350 million, excluding cash and debt. IPS is known for its smart parking infrastructure services and products, catering to single and multi-space meters. Nayax is listed on the NASDAQ and TASE exchanges as NYAX.