Ultima Capital Partners with Yoda on €530m Deal
Deal News | Jan 07, 2025 | Legal Community Swiss
Ultima Capital, a Swiss luxury real estate owner, has successfully completed a significant transaction with Yoda, a Cyprus-based investment corporation, advised by Homburger. The deal involved a contribution in kind of CHF 484.6 million in assets in exchange for newly issued Ultima shares, making Yoda the largest shareholder with approximately 53.8% of shares. Additionally, Yoda granted Ultima a loan of CHF 71 million. The transaction also included the conversion of certain claims into new shares, repayment of existing debts, and was facilitated by legal advisors from both Homburger and Baker McKenzie. An extraordinary shareholders meeting approved several changes including a capital increase and board elections.
Sectors
- Real Estate
- Investment Management
- Legal Services
Geography
- Switzerland – Ultima Capital, the target company of the transaction, is based in Switzerland, and several legal operations took place under Swiss jurisdiction.
- Cyprus – Yoda, the investment corporation involved in the deal, is based in Cyprus.
Industry
- Real Estate – Ultima Capital is a luxury real estate owner, and the transaction revolves around this sector.
- Investment Management – Yoda, a Cyprus-based investment corporation, represents the investment management industry by acquiring a significant stake in Ultima Capital.
- Legal Services – Legal advisory services were provided by Homburger and Baker McKenzie, making it significant to the article.
Financials
- €530 million – The overall deal value for the transaction involving Yoda's investment in Ultima Capital.
- CHF 484.6 million – The value of assets assumed in exchange for newly issued Ultima shares by Yoda.
- CHF 71 million – A loan granted by Yoda to Ultima Capital as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ultima Capital | Target Company | Company | A Swiss luxury real estate owner that was involved in the transaction by issuing new shares. |
| Yoda | Bidding Company | Company | A Cyprus-based investment corporation that became the largest shareholder of Ultima Capital. |
| Homburger | Legal Advisor | Company | A law firm that advised Yoda on all aspects of the transaction. |
| Baker McKenzie Switzerland | Legal Advisor | Company | A law firm that advised Ultima Capital on all legal matters related to the transaction. |