Ashurst advises Cardtronics on $2.5bn acquisition by NCR

NCR is a global enterprise technology provider for the financial, retail and hospitality industries. The agreement was announced on 25 January 2021 and has been approved by the Boards of Directors of both companies.

Cardtronics, which is listed on NASDAQ, is the world's largest non-bank ATM operator and a key supplier of ATMs and related solutions to national and regional retailers throughout the United States, the United Kingdom, Canada, Mexico, Germany, Ireland, Spain, South Africa, Australia and New Zealand. The Cardtronics Allpoint Network is the world's largest retail based surcharge-free ATM network, with over 55,000 locations.

The Ashurst team is being led by corporate partner Karen Davies and senior associate Harry Thimont, with relationship partners Nick Williamson and Tara Waters also acting. Partners Duncan Liddell and Bruce Macdonald are also advising on antitrust and FIRB issues respectively. They are being supported by associates Colin Bugler, Krishna Parikh and Paul Ryan-Brown and trainee solicitor Anxin Hua in London, together with senior associate Anna-Maria Krekeler and transaction lawyer Kathrin Meier in Frankfurt, and associates María López Garayalde, Beatriz Aizpun and Teresa Prado in Madrid. Partner Paul Miller and associate Shayaan Zaraq Bari also provided tax advice. Key transaction support was also provided by a team from Ashurst Advance. A Weil Gotshal team in New York led by Michael Aiello and Jackie Cohen are advising Cardtronics on US matters.