Leumi Partners

Portofino Investments served as an exclusive investment banker and advised the parties in the acquisition of Reem Group's holdings in ICR by Leumi Partners, the investment arm of Leumi bank and the leading Israeli financial firm managing one of Israel’s largest strategic investment portfolios and the biggest in the banking sector. ICR is a veteran real estate development corporation with over 30 years of experience. The company’s activity centers on residential construction across the country. The company is owned by two industry leaders – the Canada-Israel Group and the Reem Group – each holds a diversified collection of assets.

Acquired By

Member
Portofino Investments

Sector
-

Date completed
27.06.2021

Target company
ICR

Target country
Israel

Acquirer company
Leumi Partners

Acquirer country
Israel

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