Cardtronics Inc., a Houston, Texas-based operator and distributor of ATM machines, has filed for a $300 million IPO. It plans to trade on the Nasdaq under ticker symbol CATM, with Deutsche Bank Securities, William Blair & Co. and Banc of America Securities serving as co-lead underwriters.
CardTronics previously filed for an IPO in 2004, but later withdrew the offering. Soon after, it raised $75 million in new funding from TA Associates, which was used for both working capital and to provide some liquidity to majority shareholder CapStreet Group LLC. The new IPO filing lists CapStreet as having a 37.5% ownership position, with TA holding a 29.5% position. www.cardtronics.com