M&A Deal Summary

Apollo Global Management Acquires Redbox

On July 25, 2016, asset manager Apollo Global Management acquired media company Redbox from Outerwall for 1.6B USD

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Media 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 4th transaction in Illinois.
Investment Fate
  • Redbox was sold to a financial buyer in 2021.
  • Redbox was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2016-07-25
Target Redbox
Sector Media
Buyer(s) Apollo Global Management
Sellers(s) Outerwall
Deal Type Divestiture
Deal Value 1.6B USD

Target

Redbox

Oakbrook Terrace, Illinois, United States
Redbox DVD rental kiosk outside a Walgreens pharmacy in Duluth, Minnesota.
Redbox DVD rental kiosk outside a Walgreens pharmacy in Duluth, Minnesota.
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.

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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 (Media) 2 of 4
Type (Divestiture) 10 of 26
State (Illinois) 4 of 8
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 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.

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 -

Seller(S) 1

SELLER

Outerwall

Bellevue, Washington, United States
Category Company
Founded 1989
Sector Consumer Services
Employees2,670
Revenue 2.2B USD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Media) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Gazelle

Boston, Massachusetts, United States

Gazelle.com is an online site that buys and sells pre-owned consumer electronics, including smartphones, tablets, desktop and laptop computers.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Eurocycleur

France

Eurocycleur is a self-service coin counting vendor with 625 kiosks in major retailers across France. The Eurocycleur coin-counting kiosks can be found in major retailers including Carrefour, E.Leclerc, Auchan, Cora, Système U, and Intermarché. Eurocycleur was founded in 2005 by Laurent Salet, who will continue to run the business as head of business development in France.

Buy -
Mergr

Product

Company

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