M&A Deal Summary

Apollo Global Management Acquires Outerwall

On July 25, 2016, asset manager Apollo Global Management acquired consumer services company Outerwall for 1.6B USD

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Consumer Services sector.
  • This is Apollo Global Management’s 26th largest (disclosed) transaction.
  • This is Apollo Global Management’s 46th transaction in the United States.
  • This is Apollo Global Management’s 1st transaction in Washington.

M&A Deal Summary
Date 2016-07-25
Target Outerwall
Sector Consumer Services
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 1.6B USD
Advisor(s) Morgan Stanley (Financial)
Wachtell, Lipton, Rosen & Katz
Perkins Coie (Legal)

Target

Outerwall

Bellevue, Washington, United States
Outerwall is a provider of retail kiosks in North America and the UK. Outerwall operates Coinstar money kiosks, Redbox DVD rental kiosks, as well as ATM machines. Outerwall was formed in 1989 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 64 of 140
Sector (Consumer Services) 1 of 1
Type (Going Private) 16 of 31
State (Washington) 1 of 2
Country (United States) 46 of 101
Year (2016) 9 of 12
Size (of disclosed) 26 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Redbox

Oakbrook Terrace, Illinois, United States

Redbox is an entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad-supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 130 channels of free ad-supported streaming television (FAST). Redbox is based in Oakbrook Terrace, Illinois.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-12 Constellis

Herndon, Virginia, United States

Constellis is a provider of complex risk management and operational support services to government and commercial clients worldwide. From logistics, life support and security to training, technology and advisory services, company offer a full range of program and risk management solutions to help organizations conduct business safely and efficiently no matter where they are in the world. Constellis was founded in 2010 and is based in Herndon, Virginia.

Buy -
Mergr

Product

Company

Legal