Infinity Group is a

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

fund backed by

China Development Bank China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies.

and Clal Industries. The head of Infinity Group is

Amir Gal-Or Amir Gal-Or (; born September 5, 1962) is an Israeli businessman involved in venture capital, technologies, and East Asian enterprises. He is the founder and managing partner of Infinity Group, and founder and chairman of Innonation. Gal-Or serv ...

. Infinity Group manages

RMB The renminbi ( ; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. The renminbi is issued by the People's Bank of China, the monetary authority of Chin ...

10 billion and 100 portfolio companies, through 17 local RMB funds throughout

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. Infinity is headquartered in

Tel Aviv Tel Aviv-Yafo ( or , ; ), sometimes rendered as Tel Aviv-Jaffa, and usually referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a popula ...

with offices in Beijing, Changzhou, Chengdu, Chongqing, Harbin, Hong Kong, Hongze, Jining, New York, Nanjing, Ningbo, Shanghai, Shijiazhuang, Suzhou, Suqian, Tianjin, Xiamen and Yangzhou. Infinity's funds since 1993 have included the $23 million Nitzanim Fund of 1993, the $90 million Infinity I in 1999, the $64 million Infinity II in 2002, and the $75 million Infinity IDB in 2002. In 2004, the firm partnered with China-Singapore Suzhou Industrial Park Ventures Company Ltd., or CSVC, to establish a $15 million Infinity-CSVC fund. In 2006, the firm established the $300 million Infinity I-China fund, the successor to the Infinity-CSVC fund and its second Israel-China fund.

Infinity-CSVC

The Infinity-CSVC China Fund was founded in 2004. It received the first license issued to a foreign-managed onshore RMB denominated fund. The number on the certificate reads 00001.

Infinity I-China

In March 2010, Infinity I-China launched six new joint venture private equity funds throughout China in the cities of Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin. The funds range from 200 million

renminbi The renminbi ( ; currency symbol, symbol: Yen and yuan sign, ¥; ISO 4217, ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the China, People's Republic of China. The renminbi is issued by the Peop ...

up to a planned 500 million renminbi. The funds invest in high-technology companies in

life sciences This list of life sciences comprises the branches of science that involve the scientific study of life – such as microorganisms, plants, and animals including human beings. This science is one of the two major branches of natural science, ...

information technology Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data processing, data and information processing, and storage. Inf ...

and

clean energy Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and s ...

and technology.

Infinity Joint Venture Funds

Infinity currently manages 17

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

funds throughout China The funds support local Chinese businesses through the influx of technology and knowledge, mainly from Israel, though also from the US and Europe.

Infinity IP Bank

In September 2010, Infinity Group established the Infinity IP (

intellectual property Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, co ...

) Bank. The IP Bank is headquartered in Suzhou, China. The IP Bank acquires intellectual property from Israel, and from other countries, for use by Chinese companies. The IP Bank also supports those Chinese companies with financing and management services.

Smart Innovation Cities

In May 2013, Infinity announced the Beijing Eco-Valley Project. Eco-Valley is in Beijing, China. It is the first Sino-Israeli 'smart' agriculture city.

Initial Public Offerings

On December 30, 2013, Infinity portfolio company DCITS, a Chinese IT service provider, had an A-share listing on the

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

via a

reverse merger A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

between DCITS and Shenzhen Techo Telecom. On February 10, 2014, WLCSP listed on the Shanghai Stock Exchange at a market cap of more than $1B. WLCSP is the first company with foreign co-founders to have gone public in China. Infinity is among the co-founders. WLCSP was founded with the IP license purchased by Infinity and partners from ShellCase, Jerusalem, Israel, at the end of 2005.

References

External links

* {{authority control Venture capital firms of Israel Private equity firms