E.Schnapp co. works Ltd.

  • Member Portofino Investments
  • Sector Business & Financial Services
  • Date completed 25.01.2022
  • Client E.Schnapp & Co. Works Ltd
  • Country Israel
  • Acquirer Shagrir Group Vehicle Services Ltd
  • Country Israel

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.

Portofino Investments
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