Fritz Companies
- Member Portofino Investments
- Sector Business & Financial Services
- Date completed 22.03.2022
- Client
Shapir Engineering Ltd.
- Country
Israel
- Target
Fritz Companies
- Country
Israel
Portofino served as the Buy-side investment banker in the acquisition of Fritz Companies, a leading logistics, and international shipping firm based in Israel, to Shapir Engineering – a publicly-traded company, traded on TASE with over USD 3.5 Billion in market capitalization. As part of Portofino's services to Shapir Engineering and its controlling shareholders – the Shapira Family, Portofino advised the acquirer throughout a complex M&A transaction of a company in a special situation which overwent a long process, that with Portofino's advice, matured into the acquisition of Fritz for the amount of USD 70 Million.
