Portofino served as the exclusive investment banker in the sale of 30% of E.Schnapp co. works Ltd. for an amount of $22 million to Shagrir Group Vehicle Services Ltd, a publicly traded company, who’s engaged in providing services to the automotive and insurance industries. The acquisition of shares is based on a $73 million valuation. Schnapp activities include: import, marketing and distribution of batteries, tires and car accessories. the company holds the concession for several international brands.
