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FT Partners Advises EDC on its $145,000,000 Sale to Cardtronics

Overview of Transaction
  • On June 21, 2011, EDC announced its sale to Cardtronics for $145 million
  • The transaction provides liquidity for Alpine Investors, who took a majority stake in EDC in August 2006
  • EDC is a leading provider of turnkey ATM deployment services operating approximately 3,700 ATMs and multi-function kiosks in the United States
Significance of Transaction
  • Cardtronics is currently the largest turnkey ATM and financial kiosk operator in the United States, with strong international presence in the United Kingdom and Mexico
  • Cardtronics' acquisition adds to its total number of ATM terminals and will significantly increase its market footprint by establishing branding relationships with 8 of the top 15 banks in the United States (by assets)
FT Partners' Role
  • FT Partners served as exclusive strategic and financial advisor to EDC in its sale process
  • Highlights FT Partners' unparalleled capability of helping companies in the Payments and Bank Technology sector find the best strategic partners and achieve favorable outcomes for stakeholders
  • Underscores FT Partners' continued success in advising a broad range of top-tier Payments and Bank Technology companies
  • Demonstrates FT Partners' strength in developing strong relationships with financial sponsors