mr. amir gal-or, founding and managing partner at infinity group and mr. guo wei, chairman of digital china holdings limited
beijing, china and tel aviv, israel, january 2, 2014——infinity group, a cross-border, private equity platform, announced today that digital china information service co., ltd. (dcits), a portfolio company of infinity i-china fund, has been injected into shenzhen techo telecom (000555.sz) and got successfully listed in the shenzhen stock exchange in china. the listing is an important milestone for infinity group’s usd fund getting exits channel in china. it also provides valuable reference to the foreign private equity and venture capital funds in china.
“in the listing process, we communicated with china securities regulatory commission and got the approval from the ministry of commerce. as dcits was getting listed through merge and acquisition model, infinity i-china fund was not seen as a strategic investor and restricted by the measures for the administration of strategic investment in listed companies by foreign investors that was issues by related regulators in 2005. the approval of the listing marks the further relaxation for foreign strategic investors from chinese government. this is a good case study for other foreign private equity and venture capital funds in china. infinity group also creates a precedent in chinese equity fund industry following a number of other "first" we achieved previously in china as a foreign fund.”, said amir gal-or, founding and managing partner at infinity group.
amir added, “it was the worst time of financial crisis five year ago when infinity i-china fund and our partner csvc(now called oriza holdings) invested in dcits, a unit spun off from the digital china. many people were questioning about this deal at that time. but we had great confidence on both chinese economy and the huge market of it service in china that dcits dealing with. furthermore, we have long term commitment to china. so we didn’t follow some other foreign funds that were affected by the financial crisis and then escaped from china. because we believe that a friend in need is a friend indeed. so we convinced our lps and invested in the chinese market. in the last five years, we tried our best to bring it technology and resources from israel to dcits and supported company’s growth. with the effort of dcits’ management and all stake holders, the company grows very fast and has also been recognized by the capital market. our investment on digital china in the stock market also achieved an excellent reward of 250% annually. since 2009, infinity group also achieved rapid development in china, which demonstrates our vision and investment philosophy is correct.”
amir added that in the near future, wlcsp, another portfolio company of infinity group will also be listed in china’s stock market soon. this will mark a successful start for infinity group in 2014.
about infinity group
infinity group, which in 2013 is celebrating 10 years of actively working in china, is a cross-border platform known for its strong roots in china. infinity group currently manages us$ 300 million and 2b rmb. it has 100 portfolio companies and 17 rmb joint venture funds throughout china, making infinity the owner of more rmb funds than any other foreign pe fund in china. infinity to date has made 100 deals and 30 successful exits. sectors of focus include: medical, agricultural, water, energy and high end manufacturing. for more information, please visit 尊龙凯时网站进入-尊龙凯时ag旗舰厅官网.