Baker McKenzie Switzerland advises Ultima Capital SA (“Ultima”), a Swiss luxury real estate owner and operator listed on BX Swiss, on its second contribution in kind of real estate assets by its largest shareholder Yoda PLC (“Yoda”). The contributed assets are pertaining to the Nammos Village and restaurant real estate in Mykonos, Greece. The assets were valued at EUR 133.7 million and contributed at CHF 120 million to Ultima against the issuance of new registered shares to Yoda.
The shareholders' meeting of Ultima approved the ordinary capital increase with the contribution in kind on 30 June 2025. The capital increase was completed on the same day and the new shares were listed on 1 July 2025. The purpose of this transaction is to facilitate further growth and to increase the annual revenues and liquidity of Ultima.
Baker McKenzie Switzerland AG advised Ultima on all legal matters of this deal, working with Greek and Cypriot correspondence firms. Swiss capital markets partner Yves Mauchle led the Baker McKenzie team together with associates Jan Lusti and Vinzenz Sutter. The transaction team further included Alexander Wyss (partner), Olha Demianiuk (partner), Sadia Raja, Jonas Zürrer and Jasmin Spörri (trainee lawyers) as well as tax advisors Mario Kumschick (counsel), Pascale Schwizer (associate) and Pressiana Christoff (trainee lawyer).