The advisors on Yoda’s investment in Ultima Capital
Yoda, a Cyprus-based investment corporation listed on the Cyprus Stock Exchange, has finalized its investment in Ultima Capital — a Swiss luxury real estate owner, developer, and operator listed on BX Swiss — in which Yoda is the largest shareholder. In connection with the deal, Homburger advised Yoda, while Baker McKenzie Switzerland represented Ultima Capital.
The deal
Pursuant to the transaction, Yoda has transferred to Ultima, by way of a contribution in kind, 100% of the issued share capital of its wholly-owned subsidiary Bakaso Holdings Limited at a contribution value of CHF 120.0 m in exchange for 2,000,000 newly-issued shares in Ultima. Following completion of the deal, Yoda increases its shareholding in Ultima from previously approximately 53.8% to approximately 64.0%.
The Homburger team
Lorenzo Togni (pictured above) led the Homburger team on the matter, working alongside Jonas Stähli and Viviane Egli (all corporate / M&A) as well as Claudia Suter and Philippe Weber (both tax). Stefan Blunschi and Micha Frankhauser (both corporate / M&A) further contributed to the team effort.
The Baker McKenzie team
Baker McKenzie Switzerland advised Ultima on all legal matters of the operation, collaborating with Greek and Cypriot correspondence firms. Swiss capital markets partner Yves Mauchle (pictured) led the Baker McKenzie team, working alongside associates Jan Lusti and Vinzenz Sutter. The transaction team further involved partners Alexander Wyss and Olha Demianiuk, trainee lawyers Sadia Raja, Jonas Zürrer and Jasmin Spörri. Counsel Mario Kumschick, associate Pascale Schwizer, and trainee lawyer Pressiana Christoff also contributed to the team effort, all three providing tax advisory.
