M&A Deal Summary

Outerwall Acquires ecoATM

On July 2, 2013, Outerwall acquired consumer services company ecoATM from Onex Falcon for 350M USD

Acquisition Highlights
  • This is Outerwall’s 2nd transaction in the Consumer Services sector.
  • This is Outerwall’s largest (disclosed) transaction.
  • This is Outerwall’s 5th transaction in the United States.
  • This is Outerwall’s 2nd transaction in California.

M&A Deal Summary
Date 2013-07-02
Target ecoATM
Sector Consumer Services
Buyer(s) Outerwall
Sellers(s) Onex Falcon
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) Capstone Partners (Financial)
DLA Piper (Legal)

Target

ecoATM

San Diego, California, United States
ecoATM operates a network of self-service kiosks that automate the inspection, pricing, payment, and third-party logistics take-back of used portable consumer electronics (mobile phones, MP3 players, tablet PCs) directly from consumers in exchange for cash.

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Buyer(S) 1

Buyer

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 5 of 7
Sector (Consumer Services) 2 of 3
Type (Add-on Acquisition) 4 of 6
State (California) 2 of 2
Country (United States) 5 of 6
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-12 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Outerwall - Rubi Coffee Kiosk Business

United States

Rubi Coffee Kiosk Business is a provider of automated coffee vending machines.

Sell -

Seller(S) 1

SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 14 of 35
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 5 of 15
State (California) 4 of 5
Country (United States) 14 of 35
Year (2013) 2 of 5
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-29 Strategic Equipment and Supply

Irving, Texas, United States

Strategic Equipment and Supply Company is a full-service provider of food service equipment and supply. The Company provides turnkey solutions, including: computer-aided design and layout; store remodeling; and installation, financing, and fabrication of initial and replenishment equipment and supply packages.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 American Institute of Technology

Phoenix, Arizona, United States

American Institute of Technology is a provider of professional truck driver training, including the skills necessary to acquire a commercial driver's license and the knowledge required to have a successful career in truck driving. American Institute of Technology was founded in 1981 and is based in Phoenix, Arizona.

Sell -
Mergr

Product

Company

Legal