Baker McKenzie Advises Western Union on its Acquisition of 14 Small World Business Locations in Switzerland

Baker McKenzie advised Western Union on the acquisition of 14 business locations of Swiss Transfers GmbH, a part of Small World Financial Services Group ("Small World").

This acquisition took place against the background of Small World's debt moratorium proceedings and allows Western Union to expand its controlled distribution footprint in Switzerland. Following the negotiation of a satisfactory solution for various employees and other stakeholders, operations at 14 locations in all main language regions of the country will resume seamlessly in the coming weeks under the Western Union brand.

Baker McKenzie Switzerland advised Western Union on all legal and tax aspects of the transaction.

Charles Gschwind (partner, M&A/Real Estate) and Jingjin Guo (partner, M&A) co-led the team, which consisted of Pascal Dorier (associate, M&A/Real Estate), Susanne Liebel-Kotz (partner, Tax), Lukas Glanzmann and Markus Wolf (both partners, Restructuring and Insolvency), Christoph Stutz (partner, Employment) and Serge Pannatier (counsel, Employment).