Swiss Bankers Prepaid Services AG acquired by Hypothekarbank Lenzburg

Niederer Kraft Frey advised the shareholders of Swiss Bankers Prepaid Services AG, the Swiss market leader for prepaid cards, on the sale of 100 percent of Swiss Bankers’ share capital to the Hypothekarbank Lenzburg.

Swiss Bankers is an internationally oriented financial-services provider with locations in the cantons of Bern and Zurich, as well as in Vaduz, Liechtenstein. The company leads the way in the development, distribution, and processing of innovative, deposit-based payment products and offers solutions for secure cashless payment transactions worldwide. The transaction is subject to the issuance of all necessary regulatory approvals.

The NKF Team was led by M&A partners Andreas Casutt and Manuel Werder, working with associate Naomi Loretz and junior associate Janika Leuzinger (both M&A), senior associate Florian Louis Steiner (Regulatory) as well as partner Daniela Schmucki (Tax).