DDM Group acquires Swiss Bankers Prepaid Services AG
7 January 2022 – On 17 December 2021, DDM Group announced the acquisition of Swiss Bankers Prepaid Services AG, the Swiss market leader for prepaid cards. DDM Group, headquartered in Zug, Switzerland, operates as an active investor and partner for financial institutions in Europe including acquisitions of assets and companies previously held by banks, such as is the case with Swiss Bankers Prepaid Services AG. With its experience at the intersection of technology and the financial sector, DDM Group intends to actively shape and support the strategic orientation of Swiss Bankers Prepaid Services AG and the implementation of their international expansion strategy going forward. The transaction is subject to the issuance of the necessary regulatory approvals.
Walder Wyss has advised DDM Group on this transaction. The Walder Wyss team was led by Markus Vischer (Partner) and Michael Kündig (Senior Associate), both Corporate/M&A. Further, it included Markus Pfenninger (Partner), Urs Hofer (Counsel), Alexander Eichhorn (Managing Associate), Valentin Wiesner (Managing Associate) and Etienne Trandafir (Associate), all Regulatory, Boris Räber (Managing Associate), Christoph Zaugg (Senior Associate), Dario Galli (Associate), all Corporate/M&A, Christoph Stutz (Counsel) and Valentina Eichin (Associate), both Employment, David Vasella (Partner) and Anne-Sophie Morand (Associate), both Technology & IP.