TEL AVIV, Israel, Oct. 4 /PRNewswire-Asia/ --
Infinity Group, an RMB fund pioneer and the leader in cross border China dollar and RMB private equity funds, announced today its fourth exit in 2010. After more than 10 years, it has sold software company Tegrity to McGraw-Hill Education, a division of The McGraw-Hill Companies, Inc. (NYSE: MHP), one of the largest publishers of educational books in the world. Established in 1995, Tegrity's award-winning lecture capture solutions are installed at more than 200 educational institutions and improve retention and learning outcomes.
Earlier in the year, also after a decade long ownership, Infinity Group, the major shareholder in Orsus, led the sale of the company to Nice. The value of the holdings of Infinity and its affiliates in Tegrity and Orsus exceeded $20 million.
"Infinity was the anchor investor and key player in both Tegrity and Orsus. We stood firmly behind both companies, supporting them through good times and bad. Our support and guidance allowed these companies to survive, develop, and eventually, have successful exits. As a result of our support, we have seen nice returns from these exits. The Tegrity and the Orsus case studies demonstrate that Infinity has a clear vision when making investment decisions. We are long-term investors, who stand by our companies, all the way to a successful conclusion. As the Orsus and Tegrity cases clearly demonstrate, this strategy proves to be effective even at times when high exits are scarce," said Avishai Silvershatz, Israel-based managing partner of Infinity Group.
The exit in Tegrity is Infinity's fourth exit this year, following the exits from Orsus, Futuragene and Teledata.
About Infinity
Infinity Group is an RMB fund pioneer and the leader in cross border China RMB and dollar private equity funds. It is also the founder of the Infinity IP Bank, the hub for IP development and commercialization in China. Infinity Group currently manages eleven funds, nine in China. Infinity has a portfolio of 45 companies and has made 22 successful exits. Infinity, which has the greatest number of RMB funds in China, was founded by the IDB Group (the largest conglomerate in Israel) and the China Development Bank. Infinity 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 and energy. Recent high profile activities include investments in United Water Corporation (Shanghai, China) and Weigo (Shangdong, China), as well as exits from Orsus, FuturaGene and Teledata Networks. Other China-related exits include Shellcase, Nanomotion, and a partial exit from Digital China. Infinity has offices in Beijing, Changzhou, Chengdu, Harbin, Hong Kong, Jining, New York, Ningbo, Shanghai, Shijiazhuang Suzhou, Tel Aviv and Tianjin.
For more information: http://www.infinity-equity.com or please contact Marjie Hadad at marjie.hadad@infinity-equity.com or call +972-54-536-5220. For Chinese language inquiries please contact Philip Chen at philip.chen@infinity-equity.com or +86-139-1800-0536.
