Liquid Telecommunications South Africa Lty entered into a definitive agreement to acquire Telrad Networks Ltd from Fortissimo Capital Management Ltd. for NIS 200 million.

Liquid Telecommunications South Africa (Pty) Lty entered into a definitive agreement to acquire Telrad Networks Ltd (TASE:TLRD) from Fortissimo Capital Management Ltd. for NIS 200 million on May 9, 2022. The transaction is subject to customary closing conditions, including Telrad shareholder approval. Chaim Friedland, Yair Shiloni and Ari Fried of Gornitzky & Co.

acted as legal advisors to Telrad Networks. Chris Brooks, Chaim Lubin and Dil Kunnummal of Lincoln International LLC acted as financial advisor to Telrad Networks Ltd.