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Infinity I-China Establishes Six New RMB Private Equity Funds as Part of 10-Year Plan
Ranging from 200 million RMB to a targeted 500 million RMB, funds created in cooperation with the cities of Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin
Beijing, China and Tel Aviv, Israel, March 9, 2010 --- Infinity I-China, the world leader in Chinese international RMB funds, announced today the creation of six new joint venture (JV) private equity funds throughout China purposed to support the growth of local Chinese businesses through the influx of proven technology and know-how. The new funds are the third step in Infinity’s ten-year plan for the region, following its 2004 establishment of the first RMB fund in China and its 2008 cross-board fund. Step four will be announced later this year. Clal Industries from IDB Group, led by Infinity co-chairman Avi Fischer, is a strategic and ongoing supporter of these efforts.
“Since 2003, Infinity has been actively creating mutually beneficial relationships which combine the ingenuity and expertise of advanced and proven technology companies with the rapidly growing market in China and the business acumen of the Chinese people. Infinity chose to partner with Beijing, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo and Tianjin, mainly because of the progressiveness, open-minded thinking and quality of leadership in these metropolises. It is the people that are compelling and on which we place the greatest value. Our ongoing relationship with Suzhou is a good example. The JV fund in Suzhou marks the third cooperation between Infinity and the fine leadership of this beautiful city. We look forward to long-term and exciting relations with our new friends across the country,” said Infinity I-China managing partner Mr. Amir Gal-Or.
Under the terms of the various agreements, the funds will range in size from 200 million RMB to a goal of 500 million RMB.
“The quality of our deal flow alongside Infinity’s ability to add value has increased dramatically since our teams have spread out across the country,” added Gal-Or.
About Infinity
Infinity I-China, the largest China-Israel fund and the second China-Israel fund of Infinity Group, was founded by Clal Industries and Investments Ltd. from IDB Group, China Development Bank and CSVC. Infinity Group currently manages more than US$700 million through nine funds, seven in China. It has a portfolio of 45 companies and 20 successful exits. Infinity I-China serves as a bridge for Chinese companies that want to integrate technology and know-how to compete internationally and non- Chinese companies, with proven technology, seeking to capitalize on the Chinese market. Sectors of focus include: medical device, pharma and healthcare services, information technology, agriculture, materials, as well as water and clean technology. Recent high profile activities include the partial exit from Digital China that produced a 3x return in less than one year and the proactive leadership of Power Paper, developer of micro-power, clean, printable power sources. Infinity has offices in Tel Aviv, Hong Kong, Beijing, Shanghai, Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo, Tianjin and New York. For more information: www.infinity-equity.com or please contact Marjie Hadad, media liaison at marjie@netvision.net.il or call +972-54-536-5220. | 
