Daily Archives: July 2, 2018

NRT Accelerates Growth through Acquisition of Casino ATM Portfolio

Acquisition includes 1,500 high-volume casino ATMs and self-service devices which dispense over $5 billion annually across nearly 200 gaming properties in the United States. As a result of the acquisition, NRT now operates over 31,000 ATM devices which process more than 300 million transactions and dispense more than $20 billion annually.

LAS VEGAS, July 02, 2018 (GLOBE NEWSWIRE) — NRT Technologies Inc. (“NRT”), has acquired the gaming ATM assets of U.S. Bank National Association (“USB”). Fifth Third Bank acted as NRT’s lead arranger of a bank syndicate that includes Capital One, CIBC, and Umpqua Bank, for financing of the transaction. Terms of the agreement are not disclosed.

NRT is a global technology leader of next generation payment systems, specialized financial/marketing self-serve kiosks, and digital and mobile experiences for the gaming industry. Through this acquisition, NRT now supports ATM processing on ATM’s and TITO Redemption Units (“TRU’s”) across nearly 300 gaming properties in the United States. NRT is now the largest ATM processor in the North America casino market, providing mission critical services to more than 750 gaming clients, including the top 25 largest global gaming operators.

In partnership with Diebold Nixdorf, NRT will be making important upgrades to the acquired ATM fleet with new state-of-the-art ATMs that will not only support traditional ATM and cash advance functions, but also provide mobile engagement through Sightline Play+ and card-less ATM features. NRT and Diebold Nixdorf have an existing partnership with the world’s largest mobility provider, Kony Inc., which will enable a unified and highly personalized mobile guest experience across NRT’s growing portfolio of gaming ATM and TRU devices.

As part of the transaction, NRT has secured an expanded vault cash facility ensuring high cash availability to meet the rigorous cash withdrawal demands of NRT’s gaming operator customers.

“Acquiring this ATM portfolio fits within our strategy of leading in both the cash and cashless payment verticals for casinos,” said John Dominelli, NRT Founder and President. “As part of this transaction, we are pleased to welcome key members of the U.S. Bank team to the NRT family. The acquisition will provide a significant boost to NRT’s transaction volume while simultaneously moving NRT into a leadership position in offering advanced, non-traditional financial services through our next generation self-service ATMs and kiosks.”

“NRT’s payment switch technology, commitment to customer service and exciting product roadmap made it a great fit for assuming this portfolio of ATMs,” said Paul Nielsen, Vice President and Managing Director of Gaming Services for U.S. Bank. “We have full confidence that NRT will continue to provide the high level of customer service and dedication that our clients have come to expect from U.S. Bank.”

“NRT and Sightline are uniquely positioned to dramatically expand the use of mobile engagement with Play+ and innovative cash access transactions,” said Kirk Sanford, Sightline Payments’ Founder and CEO. “This acquisition not only expands our cash access business, but it also enhances our ability to realize on NRT and Sightline’s vision for revolutionizing the way gaming operators interact with their guests.”

“NRT and Sightline are doing really exciting things around casino guest experiences and it is imperative they have a partner like Diebold Nixdorf that can evolve with them and provide flexibility and innovation to assist them in delivering the best customer experience,” said Bruce Pierce, Vice President and General Manager Canada at Diebold Nixdorf. “Our partnership will demonstrate the expanded connected commerce capabilities and enhance the ATM experience for all casino guests.”

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE:DBD), is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape. Diebold Nixdorf has a presence in more than 130 countries with approximately 23,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.

About NRT & Sightline

On closing of the pending merger between NRT and Sightline (subject to regulatory approval), NRT Sightline will be the global leader in the design and development of enterprise platforms for the gaming industry, including current and next generation payment systems, specialized self-serve financial/marketing kiosks, big data analytics utilizing artificial intelligence and gamification, credit marker information services, and digital and mobile experiences. Through our global family of companies, we enable more than 1 billion physical and digital commerce experiences at over 750 casino properties worldwide, including the top 25 largest casino corporations.  By seamlessly combining technological innovation with strategic partnerships, our companies create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT and Sightline have been recognized with numerous industry awards, including the coveted “Most Innovative Gaming Technology Product of the Year” for our Play+™ cloud-based cashless funding platform. Our collective solutions are used by casinos, lotteries, race and sports, banking & retailers around the world.

For further information about this acquisition, please contact: Michael Dominelli, NRT’s SVP Marketing at mdominelli@nrttech.com

For more information about Sightline or its pending merger with NRT, please contact: Omer Sattar, Sightline’s EVP Strategic Relationships at osattar@sightlinepayments.com

NRT Accelerates Growth through Acquisition of Casino ATM Portfolio

Acquisition includes 1,500 high-volume casino ATMs and self-service devices which dispense over $5 billion annually across nearly 200 gaming properties in the United States. As a result of the acquisition, NRT now operates over 31,000 ATM devices which process more than 300 million transactions and dispense more than $20 billion annually.

LAS VEGAS, July 02, 2018 (GLOBE NEWSWIRE) — NRT Technologies Inc. (“NRT”), has acquired the gaming ATM assets of U.S. Bank National Association (“USB”). Fifth Third Bank acted as NRT’s lead arranger of a bank syndicate that includes Capital One, CIBC, and Umpqua Bank, for financing of the transaction. Terms of the agreement are not disclosed.

NRT is a global technology leader of next generation payment systems, specialized financial/marketing self-serve kiosks, and digital and mobile experiences for the gaming industry. Through this acquisition, NRT now supports ATM processing on ATM’s and TITO Redemption Units (“TRU’s”) across nearly 300 gaming properties in the United States. NRT is now the largest ATM processor in the North America casino market, providing mission critical services to more than 750 gaming clients, including the top 25 largest global gaming operators.

In partnership with Diebold Nixdorf, NRT will be making important upgrades to the acquired ATM fleet with new state-of-the-art ATMs that will not only support traditional ATM and cash advance functions, but also provide mobile engagement through Sightline Play+ and card-less ATM features. NRT and Diebold Nixdorf have an existing partnership with the world’s largest mobility provider, Kony Inc., which will enable a unified and highly personalized mobile guest experience across NRT’s growing portfolio of gaming ATM and TRU devices.

As part of the transaction, NRT has secured an expanded vault cash facility ensuring high cash availability to meet the rigorous cash withdrawal demands of NRT’s gaming operator customers.

“Acquiring this ATM portfolio fits within our strategy of leading in both the cash and cashless payment verticals for casinos,” said John Dominelli, NRT Founder and President. “As part of this transaction, we are pleased to welcome key members of the U.S. Bank team to the NRT family. The acquisition will provide a significant boost to NRT’s transaction volume while simultaneously moving NRT into a leadership position in offering advanced, non-traditional financial services through our next generation self-service ATMs and kiosks.”

“NRT’s payment switch technology, commitment to customer service and exciting product roadmap made it a great fit for assuming this portfolio of ATMs,” said Paul Nielsen, Vice President and Managing Director of Gaming Services for U.S. Bank. “We have full confidence that NRT will continue to provide the high level of customer service and dedication that our clients have come to expect from U.S. Bank.”

“NRT and Sightline are uniquely positioned to dramatically expand the use of mobile engagement with Play+ and innovative cash access transactions,” said Kirk Sanford, Sightline Payments’ Founder and CEO. “This acquisition not only expands our cash access business, but it also enhances our ability to realize on NRT and Sightline’s vision for revolutionizing the way gaming operators interact with their guests.”

“NRT and Sightline are doing really exciting things around casino guest experiences and it is imperative they have a partner like Diebold Nixdorf that can evolve with them and provide flexibility and innovation to assist them in delivering the best customer experience,” said Bruce Pierce, Vice President and General Manager Canada at Diebold Nixdorf. “Our partnership will demonstrate the expanded connected commerce capabilities and enhance the ATM experience for all casino guests.”

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE:DBD), is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape. Diebold Nixdorf has a presence in more than 130 countries with approximately 23,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Visit www.DieboldNixdorf.com for more information.

About NRT & Sightline

On closing of the pending merger between NRT and Sightline (subject to regulatory approval), NRT Sightline will be the global leader in the design and development of enterprise platforms for the gaming industry, including current and next generation payment systems, specialized self-serve financial/marketing kiosks, big data analytics utilizing artificial intelligence and gamification, credit marker information services, and digital and mobile experiences. Through our global family of companies, we enable more than 1 billion physical and digital commerce experiences at over 750 casino properties worldwide, including the top 25 largest casino corporations.  By seamlessly combining technological innovation with strategic partnerships, our companies create the most convenient, reliable, and secure omni-channel payment ecosystem for casino operators and their guests. NRT and Sightline have been recognized with numerous industry awards, including the coveted “Most Innovative Gaming Technology Product of the Year” for our Play+™ cloud-based cashless funding platform. Our collective solutions are used by casinos, lotteries, race and sports, banking & retailers around the world.

For further information about this acquisition, please contact: Michael Dominelli, NRT’s SVP Marketing at mdominelli@nrttech.com

For more information about Sightline or its pending merger with NRT, please contact: Omer Sattar, Sightline’s EVP Strategic Relationships at osattar@sightlinepayments.com

Fluidra and Zodiac close merger, creating a global leader in the pool industry

  • The new Fluidra will be a global leader with 5,500 employees, a portfolio of the most widely recognized brands in the industry and a presence in over 45 countries.
  • The combined company will have sales of approximately €1.3 billion and EBITDA of €0.2 billion; additionally, the company has identified €35 million of run-rate cost synergies, fully achievable by 2020.
  • Fluidra will remain listed on the Spanish stock exchange with its global headquarters in Sabadell (Barcelona), Spain and North American headquarters in Vista (San Diego), California.

BARCELONA, Spain, July 02, 2018 (GLOBE NEWSWIRE) — Fluidra, S.A. (BME:FDR) and Zodiac Pool Solutions (“Zodiac”) have closed their merger, which was announced in November 2017.

The combined company will keep the Fluidra name and remain listed on the Spanish stock exchange.

The company is well positioned for growth, driven by its enhanced portfolio of highly recognized brands, broad product offering and expansive global footprint covering over 45 countries.

The new Fluidra will have combined sales and EBITDA of approximately €1.3 billion and €0.2 billion, respectively. Additionally, the company has identified €35 million of run rate cost synergies, which it expects to be fully achievable by 2020.

Fluidra will maintain its global headquarters in Sabadell (Barcelona), Spain and North American headquarters in Vista (San Diego), California. Former Fluidra Executive President Eloi Planes will serve as Executive Chairman of its Board of Directors, and former Zodiac CEO Bruce Brooks will serve as the company’s CEO.

As part of the European Commission approval of the transaction, Fluidra will divest its Aquatron unit. Aquatron, an Israeli manufacturer specializing in robotic pool cleaners with distribution primarily in Europe, represents approximately 2% of the combined company’s sales and EBITDA. This divestiture does not change the strategic logic of the merger, and Fluidra will maintain a strong global presence across the automatic pool cleaning category, which includes pressure, suction and robotic pool cleaners.

“The successful completion of our merger with Zodiac positions us as a leader in the global pool industry. Together, we have the most widely recognized brands, a broad portfolio of innovative products and solutions, and a strong financial position to create significant value for all stakeholders: our customers, shareholders and employees,” said Planes. “Our future is very bright.”

“I am looking forward to working with our team to create an organization that stands apart from the pack,” said Brooks. “We will be guided by clear values, focused on exceeding our customers’ needs and driven to solve challenges through useful innovation — all in an effort to be the clear industry leader.”

About Fluidra
Fluidra is a multinational, Spanish-listed company focused on developing innovative products, services and IoT solutions for the residential and commerical pool markets, globally. The company operates in over 45 countries and owns a portfolio of some of the industry’s most recognized and trusted brands, including Jandy®, AstralPool®, Polaris®, Cepex®, Zodiac®, CTX Professional® and Gre®. To learn more about Fluidra, visit fluidra.com.

Media contacts:

For Europe, Australia,                      Inés Solà
Asia, Latin America                          isola@atrevia.com
and Africa                                          +34 606 79 13 12

For US/Canada                                 Julie Wright
                                                           jwright@wrightoncomm.com
                                                           +1 760 419 4664

Nasdaq Welcomes 151 New Listings in First Half of 2018

U.S. exchange leads in total IPOs for the 18th consecutive quarter, raising a total of $15 billion

NEW YORK, July 02, 2018 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a total of 151 new listings in the first six months of 2018 – including 93 initial public offerings (IPOs), raising a total of approximately $15 billion in the U.S. market. With a 69 percent win rate, Nasdaq has extended its IPO leadership to 18 consecutive quarters in the U.S.

Nasdaq: Media Snippet

Companies from a diverse range of industries and countries have successfully executed their IPOs on Nasdaq this year. Of the top ten tech IPOs (by capital raise) in 2018 so far, seven listed with Nasdaq; they are: iQIYI, GreenSky, Dropbox, DocuSign, Bilibili, Pluralsight and Uxin. Driven by the biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build, as Nasdaq saw 39 healthcare IPOs that raised $3.4 billion in the first half of the year.

Following its strong 2017 for exchange transfers, Nasdaq welcomed a total of 6 switches in the first half of 2018 from the New York Stock Exchange (NYSE), with a combined market value of approximately $34.3 billion. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded $1.2 trillion.

“We saw a strong pipeline across all sectors in the first half of 2018 and welcomed an incredible number of high-performing IPOs joining Nasdaq,” said Nelson Griggs, President, Nasdaq Stock Exchange. “Low interest rates and strong macroeconomic drivers created investor receptivity that encouraged companies to tap the public market. We expect to see continued momentum in the second half of the year and look forward to supporting our customers throughout their journeys and lives as public companies.”

1H 2018 NASDAQ U.S. LISTING HIGHLIGHTS

  • U.S. listings market leadership: 151 new listings, including 93 IPOs raising $15 billion. The number of IPOs represents a 69 percent increase over the same period last year. For the first six months of 2018, IPOs on Nasdaq raised more than twice the amount in proceeds compared to the same period in 2017.
  • Leading U.S. exchange for technology, healthcare, financials and VC-backed IPOs: Nasdaq maintained its strong track record in technology and VC-backed listings, with win rates of 68 percent and 87 percent, respectively. Win rates of healthcare and financials are 95 percent and 72 percent, respectively.
  • Continued momentum in listing transfers: Nasdaq welcomed 6 switches from NYSE in the first half of 2018, representing a combined $34.3 billion in market value.
 
2018 Total New Listings* 151
Initial Public Offerings 93
Other Listings 35
ETPs (including ETP transfers) 17
Company Transfers to Nasdaq from Competing Exchanges** 6

*Data source: Nasdaq
**Includes all transfers announced and started trading on January 2nd, 2018

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion.  To learn more, visit: http://business.nasdaq.com

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