Portofino Investments served as the exclusive investment banker in the investment and acquisition of control in Avrot Industries by Shapir Engineering for the amount of $23 Million.
AT A GLANCE
Shapir, a publicly traded company with over $3 Billion in market cap. and one of the leading companies in the industrial sector in Israel, has invested an initial amount of $23 Million, and has the option to acquire additional stake in the company. Upon exercise, Shapir will hold a minimum stake of 70% of Avrot, with a minimum transaction value of c. $40 Million.
THE ACQUIRER
Shapir Engineering is Israel’s leading industrial, engineering and infrastructure company. Shapir has earned its reputation thanks to its many years of experience in planning and managing large projects, where technological innovation is assimilated and unique solutions are implemented in diverse and complex projects. Such projects include: tunnels, interchanges, bridges, marine engineering, and many more.
THE TARGET
Avrot, a publicly traded company, specializes in the lining and coating of steel pipes for various end-uses, such as:
transportation of water, sewage, sea-water, gas and petrol in the industrial, municipal and agricultural sectors.