E.Schnapp co. works Ltd.

  • Member Portofino Investments
  • Sector Business & Financial Services
  • Date completed 23.08.1970
  • 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
Sold to

Get Started

Find out how the Globalscope family can help you realise your business dreams.