Israel's and Australia's Bond Strengthens with Common Ties to China
During July this year, Mr. Amir Gal-Or, Managing Partner of The Infinity Fund, met with several of Australia's prominent business leaders including Mr. Richard Pratt, Mr. Charles Goode, Chairman of ANZ Bank, Mr. Donald McGaughie, Chairman of Telstra and also was a Guest Speaker at an Australia-Israel Chamber of Commerce event with Guest of Honour - Hon. Mr. Peter Costello MP, Federal Treasurer and Deputy Leader of the Liberal Party (pictured above).
"Infinity and Australia have never been closer and have had so much in common as today. Our business relations with China are a current example. China has and continues to tap both of our countries for the finest of our natural resources. In the case of Australia, China literally imports the country's natural resources such as iron and copper. In the case of Israel, and more specifically Infinity since 2004, China has been investing in and importing Israeli technology," said Mr. Gal Or.
Mr. Gal Or was in Melbourne to speak at a luncheon hosted by the Australia Israel Chamber of Commerce at The Palladium, Crown Towers and attended by more than 1000 guests from Australia's business community.
"Australia is very important to Infinity because we work well together and share the same goals. Our strong and valued liaison with the Australian branch of Bank Leumi, is our demonstrative sign that Australia is a priority and that we are here to stay," said Mr. Gal-Or.
The Infinity Fund, headquartered in Tel Aviv, Israel, with offices in Suzhou, China, Hong Kong, New York and London, is an international fund currently focused on the activities of its new Infinity Israel-China Fund, for which it has already raised $155 million of a targeted $250 million. Infinity's core strategy is to invest in late-stage Israeli technology companies with parallel investments in Chinese businesses that license Israeli technologies, develop and grow them in accordance with domestic requirements and market them in China. The first Infinity fund operating under the Israel-China model, the Infinity/CSVC Joint Fund, was the first on-shore fund ever to be approved by the Chinese government (00001 registration number in China).
"Israel is rich with innovation and entrepreneurship. China is well known for its excellence in execution and marketing. The combination has highly lucrative potential, which has already been realized in two recent and successful exits. We are delighted that several in Australia's business community have decided to support our continued expansion into China by investing in the Israel-China Fund," said Mr. Gal-Or.
For more information about The Infinity Fund, please visit www.infinity-equity.com. |