Ultima Capital SA lists its shares on BX Swiss

Ultima Capital SA, a luxury real estate owner, developer and operator based in Zug, completed its listing on BX Swiss (ticker symbol: ULTIMA / ISIN: CH0491064009). 5'909'992 registered shares of Ultima Capital SA were listed after completion of private placements of 914'916 shares through a capital increase and off-market sales during the first day of trading. The total private placement volume was approximately CHF 50 million. The shares were sold to a variety of international investors and investment funds.

Ultima Capital SA develops, holds and manages a portfolio of 32 hotels, residences, chalets, villas and plots across 12 properties. The locations of the properties include Gstaad, Schönried, Crans-Montana, Geneva, Megève and Courchevel. The offerings of the company aim at the upper segment of the leisure travel and hospitality sector, notably ultra-wealthy individuals. The group holds real estate assets valued at CHF 613 million and has an adjusted net asset value (excluding deferred tax) of CHF 397 million. Ultima Capital SA plans to expand into new locations, supported by its current cash availability of over CHF 115 million (including the capital increase and a new bank facility).

Baker McKenzie acted as legal counsel for Ultima Capital SA. The Baker McKenzie team was led by Matthias Courvoisier, Alexander Wyss and Yves Mauchle and included Andrea Bolliger, Marianne Müller, Michael Zeller, Jan Lusti as well as various specialist lawyers from the Firm's Luxembourg, Paris and Zurich offices.

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