Apollo and Hudson Executive to acquire Cardtronics for $2.3bn.

Private equity firms Apollo Global Management and Hudson Executive Capital agreed to acquire Cardtronics, a provider of ATMs to retailers and operator of the Allpoint interbank network, for $2.3bn. “This announcement represents an exciting milestone for Cardtronics and is a testament to the strength and value of our company and the talented team we have in place. Our Board of Directors regularly evaluates all opportunities that have the potential to maximize value for shareholders. Following a comprehensive process and review of alternatives, which included discussions with strategic buyers and financial sponsors, the Board determined that this transaction is in the best interest of the Company and our shareholders,” Ed West, Cardtronics CEO. On January 11, 2021, NCR, a global enterprise technology provider for the financial, retail and hospitality industries, confirmed it proposed to acquire Cardtronics for $39 per share by contrast to $35 per share offer from existing bidders, valuing the target at $2.6bn.