Yoda's Strategic Stake: CHF 484.6M Investment in Ultima Capital
Deal News | Jan 07, 2025 | Legal Community Swiss
Yoda, a Cyprus-based investment corporation, has made a significant investment in Ultima Capital, a Swiss luxury real estate company. This transaction, valued at CHF 484.6 million, involved the issuance of new Ultima shares, with Yoda becoming the majority shareholder with a 53.8% stake. Homburger advised Yoda, while Baker McKenzie Switzerland assisted Ultima. The deal included converting claims into shares, increasing Ultima's capital, and restructuring debt. The transaction closed with a shareholders' meeting in December 2024, followed by the listing of new shares. Yoda also provided a CHF 71 million loan to Ultima. This strategic move solidifies Yoda's stronghold in the Swiss real estate market.
Sectors
- Real Estate
- Investment
- Legal Services
Geography
- Switzerland – Ultima Capital is a Swiss luxury real estate company, and elements of the transaction took place in Switzerland.
- Cyprus – Yoda, the investing company, is based in Cyprus, making this country relevant to the transaction.
Industry
- Real Estate – The transaction involves Ultima Capital, a Swiss luxury real estate owner, making this industry relevant.
- Investment – Yoda's investment in Ultima Capital highlights the involvement of the investment sector.
- Legal Services – The transaction involved extensive legal advisory services from firms such as Homburger and Baker McKenzie.
Financials
- CHF 484.6 million – Value of the investment in Ultima Capital by Yoda.
- 8,076,667 new shares – Number of newly-issued shares of Ultima Capital acquired by Yoda.
- CHF 71 million – Loan granted by Yoda to Ultima Capital as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yoda | Investor | Company | A Cyprus-based investment corporation that has become the largest shareholder in Ultima Capital. |
| Ultima Capital | Target | Company | A Swiss luxury real estate owner involved in the CHF 484.6 million transaction with Yoda. |
| Homburger | Legal Advisor | Company | Advised Yoda on the legal aspects of the transaction. |
| Baker McKenzie Switzerland | Legal Advisor | Company | Advised Ultima Capital on legal matters related to the deal. |
| Papacamp | Asset | Company | A wholly-owned subsidiary of Yoda contributed to Ultima as part of the deal. |