Diebold $1.9 billion acquisition of Wincor Nixdorf

Overview:

• ATM and bank security services provider Diebold has acquired German competitor Wincor Nixdorf in a $1.9 billion deal.
• The combined company will be the largest in the industry.
• The new company will operate under the name Diebold Nixdorf.
• Sullivan & Cromwell (Frank Aquila, Carsten Berrar, York Schnorbus, Catherine Clarkin) advised Diebold.
• Freshfields Bruckhaus & Deringer (Stephan Waldhausen, Gregor von Bonin, Peter Lyons, Michael Levitt) advised Wincor Nixdorf.
• Simpson Thacher & Bartlett (Patrick Ryan, Art Robinson, Edward Chung) represented a trio of lenders in connection with $2.34 billion of acquisition financing for Diebold.

Kurt Stumpo - Journalist - North America and the Caribbean