Bank Machine
was acquired by Bridgepoint in 2003 when it was deemed non-core to its NASDAQ listed owner. At that time it owned and operated over 800 ATMs across the UK in sites such as convenience stores, leisure outlets and bars. It also provided more traditional "hole in the wall" ATMs in high street outlets such as shops.Investment overview
| Sector | Location | Acquired | Deal size | Exit date |
|---|---|---|---|---|
| Financial Services | UK | 2003 | €34m | 2005 |
Bridgepoint was attracted by the business's high scaleability, highly cash-generative nature and the opportunity to make selective acquisitions within a growing market segment.
Bank Machine proved to be an attractive acquisition candidate for an international ATM provider and was sold to Cardtronics of the UK for an undisclosed sum in May 2005.