Portofino served as the exclusive investment banker in the sale of Matzman & Merutz, one of the leading marketing and distribution firms for premium bicycles brands and bicycle equipment & accessories in Israel, to the Shapira family, an established business family in Israel and the controlling shareholder of Shapir Engineering – a publicly traded company traded on TASE, with over USD 3.5 Billion in market capitalization. The transaction included the acquisition of shares from the founders as well as from DBSI, a prominent investment company with various holdings in the Israeli market.
