Pallet Co. Plans Quick Ch. 11 Sale To PE Group

Law360, Wilmington (June 05, 2013, 5:25 PM ET) -- IGPS Co. LLC filed for Chapter 11 protection in Delaware late Tuesday, aiming to resolve its liquidity crisis through a speedy stalking horse sale to a group that includes private equity firms Balmoral Funds LLC and One Equity Partners.

The Florida-based company, which leases trackable plastic shipping pallets, listed assets and liabilities between $100 million and $500 million on its petition. It intended to continue operations while marketing itself for a Section 363 sale and seeking to close a deal within 45 days, according to a...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required