Financing and Investment Products

Deutsche Bank

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Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger acted as Swiss counsel to Deutsche Bank AG, London Branch, and the other syndicate banks, with regard to all Swiss legal aspects of the financing transaction for VARTA AG. VARTA AG produces and markets a diverse range of batteries including micro batteries, household batteries, energy storage systems and customer-battery solutions. As technology leader, VARTA AG sets industry standards in important areas of the battery technology field. VARTA AG is about to conclude complex financial restructuring proceedings initiated in July 2024 under the German StaRUG (German Act on the Stabilisation and Restructuring Framework for Companies). The restructuring plan was accepted in November 2024 and is to be finally implemented in the first quarter of 2025.
VARTA AG is to receive access to new credit facilities of EUR 60 m. The new facilities are a crucial part of the measures intended to secure VARTA AG&#8217;s core electronic battery industry, thereby helping to safe-guard jobs and value creation in Germany and Switzerland.
The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Michelle Wolf and Nathalie Scherrer (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).

Corporate / M&A

Capital Markets

Real Estate

Regulatory

YODA plc_web_640x140

On December 27, 2024, Yoda PLC, a Cyprus-based investment corporation listed on the Cyprus stock exchange (CSE: YODA), announced the completion of its major investment into ULTIMA CAPITAL SA (Ultima), a Swiss luxury real estate owner, developer and operator listed on BX Swiss (BX: ULTIMA).
As part of 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 Papacamp Investments Limited (Papacamp) at a contribution value of approximately CHF 484.6 m in return for 8,076,667 newly-issued shares of Ultima. Papacamp indirectly owns real estate properties and real estate developments in Greece within the luxury hospitality sector. As a result of the transaction, Yoda has become Ultima&#8217;s largest shareholder, with a shareholding interest in Ultima of approximately 53.8%. In addition, Yoda has granted Ultima a loan in the amount of CHF 71 m.
The Homburger team advising Yoda on all aspects of the transaction was led by Stefan Blunschi and included Micha Fankhauser, Oliver Kneubühl, Jonas Stähli and Leander Etter (all Corporate / M&amp;A), Lorenzo Togni and Kaiyan Yeo (both Capital Markets), Claudia Suter, Philippe Weber and Philippe Gobet (all Tax), Stefan Bindschedler and Nathalie Scherrer (both Financing and Investment Products), Stefan Gäumann and Olivier Bühlmann (both Real Estate), and Richard Stäuber and David Thomann (both Regulatory).

Homburger advised Yoda PLC on its investment into ULTIMA CAPITAL SA

Homburger acted as counsel to UBS Switzerland AG in its capacity as mandated lead arranger, original lender and agent in connection with a Swiss law-governed EUR 155,000,000 credit facilities agreement with Ronal AG as borrower and a syndicate of banks as lenders for refinancing and general corporate purposes of the group.
Ronal AG is a Swiss manufacturer of aluminum alloy wheels for cars and commercial vehicles as well as bathroom solutions.
The Homburger team comprised Jürg Frick and Nathalie Scherrer (both Financing and Investment Products) and Stefan Oesterhelt (Tax).

Nathalie
Scherrer

Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger advised Yoda PLC on its investment into ULTIMA CAPITAL SA

Homburger advised UBS Switzerland AG on EUR 155 m credit facilities

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Nathalie Scherrer

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Bar Registration

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NathalieScherrer

Homburger advises Deutsche Bank AG, London Branch, on the financial restructuring of VARTA AG

Homburger advised Yoda PLC on its investment into ULTIMA CAPITAL SA

Homburger advised UBS Switzerland AG on EUR 155 m credit facilities

Join the Team

Nathalie Scherrer

Career

Languages

Bar Registration

Teams

Nathalie
Scherrer