26 May – LAWFUEL – The Law News Network – Allen & Overy is advising US-based Cardtronics, Inc. (‘Cardtronics’), the world’s largest owner/operator of ATMs, on its acquisition of Bank Machine Ltd, UK-based ATM provider from private equity house, Bridgepoint.
As a result of the transaction, Cardtronics will have over 26,000 ATMs in its portfolio, of which 10,000 are owned and 16,000 are managed
Corporate partner Susan Howard is leading the Allen & Overy team, assisted by associates, Bronwen Jones, George Dunnett and Caroline Gray. Associate Emily Downes is advising on employment aspects.
Commenting Susan Howard said: “The significant investment opportunities represented by the ATM market has seen the trend for regional consolidation being mirrored on an international scale. As the largest global ATM operator, Cardtronics is at the forefront of the market and this transaction augments its position as industry leader. This is its first entry into the European market and the first time we have advised the client. We look forward to continuing the relationship in the future”