Apollo Global Management Inc. and Hudson Executive Capital LP have agreed to purchase ATM operator Cardtronics, Inc. for an estimated $2.3 billion.
“Cardtronics sits in the critical nexus between the cash and digital economies. Its broad trusted network of products and solutions provides significant value to financial institutions, leading retailers and its rapidly growing group of fintech partners,” says Hudson founder and managing partner Douglas Braunstein. Upon completion of the deal, Cardtronics, the world’s largest ATM operator, will become a privately-owned company.
Goldman Sachs & Co. LLC is providing financial advice to Cardtronics. Weil, Gotshal & Manges LLP and Ashurst LLP are serving as legal counsel. RBC Capital Markets, Barclays Bank PLC and Mizuho Bank, Ltd. are acting as financial advisors for Apollo and Hudson. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cadwalader, Wickersham & Taft LLP are providing legal counsel to Apollo and Hudson, respectively.