Portofino Investments advised Netanel group in the process of company spin-off and the split between two of its core business units
The Transaction
Portofino Investments advised Netanel group in the process of company spin-off and the split between two of its core business units, which will continue to operate as two separate publicly traded companies. The process included advisory services concerning: shareholder management, dialogue with debtors in preparation for voting meetings, as well as concerning regulatory organs such as ISA, TASE, Israel tax authorities, and more. The split of a publicly traded firm, ending in two traded separate firms is considered unique in the Israeli market and was previously performed only a number of times.
Despite the recent slowdown, long-term trends in cross-border M&A are clearly upward
The Netanel Group is one of Israel’s leading real estate groups, with over 55 years of experience. The veteran group demonstrated financial robustness and conservative risk management throughout its decades of activity, which allowed it to safely navigate the changing markets and times while maintaining one of the highest quality standards in the country.