Cardtronics Completes DirectCash Payments Acquisition
(Thomson Reuters ONE) -
HOUSTON, Jan. 06, 2017 (GLOBE NEWSWIRE) -- Cardtronics plc (Nasdaq:CATM), the
world's largest ATM owner / operator, has completed its previously
announced acquisition of DirectCash Payments Inc. ("DCPayments"), a leading
global ATM services provider with primary operations in Australia, Canada and
the United Kingdom.
Combined Company Facts
* DCPayments adds approximately 25,000 ATMs to Cardtronics' global portfolio,
which now totals approximately 225,000 ATMs in North America, Europe and
Asia-Pacific.
* The acquisition of DCPayments establishes Cardtronics as a leading
independent ATM operator in Australia and New Zealand, with 11,200 ATMs.
(This ATM portfolio includes DCPayments' 2016 acquisition of First Data
Corporation's Australian retail ATM and managed services ATM portfolio.)
* This combination results in Cardtronics managing over 11,000 ATMs in Canada,
a leadership position in the independent ATM market.
* DCPayments would add more than 5,700 ATMs to Cardtronics' existing footprint
in the United Kingdom.1
Transaction Details
Cardtronics has acquired all of the outstanding equity of DCPayments for
CAD$19.00 per share in cash, and repaid DCPayments' third party indebtedness,
representing a transaction value of approximately $464 million in U.S. dollars,
net of estimated cash acquired and excluding transaction-related costs.
Cardtronics funded the DCPayments acquisition with borrowings under its amended
revolving line of credit as well as cash on hand.
Fiscal 2017 guidance, including the expected contribution from this acquisition,
will be issued by Cardtronics in conjunction with its release of Q4 2016
earnings.
RBC Capital Markets, LLC served as financial advisor and Baker & McKenzie LLP as
legal counsel to Cardtronics. BMO Capital Markets served as financial advisor to
DCPayments, and Bennett Jones LLP as legal counsel.
1In the United Kingdom, the Cardtronics and DCPayments brands and operations
will remain wholly distinct pending completion of the U.K. Competition and
Markets Authority's review of the transaction.
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work and live, Cardtronics
is at the convergence of retailers, financial institutions, prepaid card
programs and the customers they share. Cardtronics provides services to
approximately 225,000 ATMs in North America, Europe and Asia-Pacific. Whether
Cardtronics is driving foot traffic for top retailers, enhancing ATM brand
presence for card issuers or expanding card holders' surcharge-free cash access,
Cardtronics is convenient access to cash, when and where consumers need it.
Cardtronics is where cash meets commerce.
Contact Information - Cardtronics:
Media Relations Investor Relations
Nick Pappathopoulos Phillip Chin
Director - Public Relations EVP Corporate Development & Investor
832-308-4396 Relations
npappathopoulos(at)cardtronics.com 832-308-4975
ir(at)cardtronics.com
Cardtronics is a registered trademark of Cardtronics plc and its subsidiaries.
All other trademarks are the property of their respective owners.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cardtronics, Inc. via GlobeNewswire
Datum: 06.01.2017 - 18:40 Uhr
Sprache: Deutsch
News-ID 516264
Anzahl Zeichen: 4044
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Kategorie:
Business News
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"Cardtronics Completes DirectCash Payments Acquisition"
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