Teams from Squire Sanders and DC Advisory have advised Houston-based, Cardtronics, Inc., on its takeover offer for AIM listed, i-design group plc, which was announced to the markets on 13 February.
Cardtronics, listed on NASDAQ with a market capitalisation of $1.2 billion is the world leading provider of Automated Teller Machines (“ATMs”). i-design is a leading provider and developer of marketing and advertising software and service for ATM owners.
Steve Rathgaber, Cardtronics Chief Executive commented: "Adding i-design and its capabilities means that Cardtronics can leverage its existing financial institution and retailer relationships to expand i-design's global market position, which in-turn enhances the value proposition Cardtronics can offer its customers, as well as consumers using our ATMs"
The Squire Sanders team was led by corporate partner Andrew Millar and Managing Director Richard Pulford led the DC Advisory team. They added: "we are delighted to have advised Cardtronics on this strategically important transaction and to have worked as part of a Manchester-based advisory team with a significant client on a cross border public company takeover".
The Squire Sanders team included corporate associates Alistair Francis and Laura Williams, assisted by Simon Major. Partner Patrick Ford, and Victoria Carpenter provided tax and pensions advice whilst associate Laura Tracey advised on employment issues.