Cowen to acquire a minority stake in ecoATM from Apollo Global for $200m.

Cowen, a diversified financial services provided, agreed to acquire a minority stake in ecoATM, automated kiosk direct-to-consumer electronic device trade-in company, from Apollo Global, a private equity firm, for $200m. "We are extremely pleased to have CSI as a co-sponsor alongside Apollo and welcome Vusal and Ewa to our board. The CSI team has a deep understanding of the potential of ecoATM and of the significant impact our company has on sustainability factors throughout the consumer electronics vertical. By giving the consumer a fast, efficient and trusted means to recycle smartphones for cash, ecoATM delivers an assurance that the devices will not contribute to 'e-waste' or end up in landfills," Dave Maquera, ecoATM CEO.