Yoda Expands Stake in Ultima Capital with CHF 120 Million Deal
Deal News | Jun 30, 2025 | Legal Community Swiss
Yoda, a Cyprus-based investment firm listed on the Cyprus Stock Exchange, has successfully finalized its strategic investment in Swiss luxury real estate company Ultima Capital, significantly increasing its shareholding. In this cross-border transaction, Homburger provided legal counsel to Yoda, while Baker McKenzie Switzerland represented Ultima Capital. Through the deal, Yoda transferred its fully owned subsidiary, Bakaso Holdings Limited, to Ultima in exchange for newly-issued shares, elevating its ownership stake in Ultima from 53.8% to 64.0%. This equity asset exchange, valued at CHF 120 million, reflects Yoda's commitment to strengthening its position in the Swiss luxury real estate sector. Both legal teams involved comprised multi-jurisdictional expertise, emphasizing the international collaboration dimensions of the transaction.
Sectors
- Investment Management
- Real Estate
- Legal Services
Geography
- Cyprus – Yoda is based in Cyprus and is listed on the Cyprus Stock Exchange, making it a key geographical focal point.
- Switzerland – Ultima Capital and the involved legal teams, Homburger and Baker McKenzie Switzerland, are based in Switzerland, central to the transaction.
Industry
- Investment Management – Yoda is an investment corporation involved in this deal, highlighting its role in asset management and capital allocation.
- Real Estate – Ultima Capital operates in the luxury real estate industry, focusing on ownership, development, and operation, relevant to the investment.
- Legal Services – The involvement of law firms Homburger and Baker McKenzie underscores the significant role of legal services in facilitating large-scale transactions.
Financials
- CHF 120.0 million – The contribution value of Bakaso Holdings Limited transferred to Ultima Capital by Yoda.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yoda | Bidding Company | Company | A Cyprus-based investment corporation listed on the Cyprus Stock Exchange, increasing its stake in Ultima Capital. |
| Ultima Capital | Target Company | Company | A Swiss luxury real estate owner, developer, and operator listed on BX Swiss. |
| Bakaso Holdings Limited | Subsidiary | Company | A wholly-owned subsidiary of Yoda, transferred to Ultima Capital as part of the investment deal. |
| Homburger | Legal Advisor to Yoda | Company | Swiss law firm advising Yoda on the transaction. |
| Baker McKenzie Switzerland | Legal Advisor to Ultima Capital | Company | Provided legal counsel to Ultima Capital for the transaction. Collaborated with Greek and Cypriot firms. |