infinity group is a private equity fund backed by china development bank and clal industries .

the head of infinity group is amir gal-or .

infinity group manages rmb 10 billion and 100 portfolio companies , through 17 local rmb funds throughout china .

infinity is headquartered in tel aviv 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 group

. infinity group founder and managing partner mr . amir gal - or and infinity group managing director , finance , mr .
infinity group is the most experienced sitecore partner in poland with wide record of international implementations .
infinity group provide award winning it support , gdpr & telecoms services and microsoft dynamics 365 consultancy .
said mr . avi fischer , deputy chairman , idb group and chairman of infinity general partner .
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 .
through their support and advice , infinity group enabled us to achieve the financial freedom we want in our retirement .
infinity group marjie hadad , + 972 - 54 - 536 - 5220 marjie . hadad @ urltoken www . urltoken
after purchasing intellectual - property rights , infinity group then sells or licenses those rights to chinese companies in which it invests .
infinity cross border acquisition corporation c / o infinity c . s . v . c . . . .
infinity cross border acquisition corporation c / o infinity - c . s . v . c . management ltd .
infinity group founder amir gal - or ( beside the bell , to the right ) and israeli consul - general to shanghai arnon perlman ( to gal - or’s left ) prepare to ring the opening gong at the shanghai stock exchange . . ( photo credit : infinity group )
mr . amir gal - or , founding and managing partner at infinity group and mr . guo wei , chairman of digital china holdings limited
founded in 1993 , infinity group is backed by china development bank and israeli investment holding company clal industries . it currently manages us $ 800 million .
“infinity is not only bringing investment and technology to the company but also the necessary management experience to help this state - owned enterprise smoothly transition into a private company , ” said amir gal - or , managing partner of the infinity group and the infinity i - china fund .
one of the few exceptions is clal industries ' infinity group , which is responsible for about $ 250 million in investment by chinese firms in israeli industry .
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 urltoken .
“the establishment of the ip bank is another step in our currently seven year journey in china that continues at an impressive rate . our ongoing presence in china with our many close friends , both in the business community and in the government , make infinity a stable bridge for many companies , in and outside of the idb group , ” said mr . avi fischer , idb group deputy chairman and chairman of infinity group .
tel aviv , nov 1 ( reuters ) - infinity group is investing 120 million yuan ( $ 18 million ) in harbin no . 1 tools manufacturing co , one of china’s leading production and research bases for complex cutting tools , the israeli group said on monday .
in the areas of agriculture , it , telecom and water technology . the i - china fund will be managed by infinity - csvc partners , ltd , a general partner with a joint management team both from infinity and suzhou ventures group (
infinity group provide it support , business telecoms and microsoft dynamics 365 implementation to 1000 ' s of businesses . microsoft gold partner kent microsoft gold partner london microsoft gold partner sussex
infinity group announced today that portfolio company wafer level chip scale package ( wlcsp ) has listed on the shanghai stock exchange ( ticker : 603005 . sh ) and has raised
israel investment cooperation model developed with suzhou ventures group . the first infinity fund was the first on - shore fund in the limited partnership structure ever to be approved by the chinese government ( 00001 registration number in china ) and was the first cooperation with suzhou ventures group .
suzhou ventures group , formerly known as china - singapore suzhou industrial park ventures co . , ltd (
infinity group is a cross - border platform and private equity fund known for its strong roots in china . infinity group currently manages $ 800 million . 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 . infinity is led by managing partners mr . amir gal - or and mr . avishai silvershatz . for more information , please visit www . infinity - equity . com .
infinity group finance pty ltd , acn no . 609 889 607 ( credit representative number 483653 ) is a credit representative of vow financial pty ltd , australian credit licence 390261 .
infinity group marjie hadad , + 972 - 54 - 536 - 5220 marjie . hadad @ urltoken or for chinese language inquiries : joey zhu , 008613601212411 joey . zhu @ urltoken
infinity group is a cross - border platform and private equity fund known for its strong roots in china . infinity group currently manages $ 800 million . 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 . infinity is led by managing partners mr . amir gal - or and mr . avishai silvershatz . for more information , please visit http : / / www . infinity - equity . com .
infinity group ceo amir gal - or says that , during that financing round , one of the chinese investors was killed in a traffic accident . infinity group decided to inject its share of $ 4 . 5 million , which could have been lost had the chinese investment not arrived . in the end , the investment was made , enabling the round to be completed .
in relation to the opportunity to show clients how to pay off their home mortgage in half the time , candidates must allow infinity group australia pty ltd to make a formal assessment of their financial position , involving a free 30 minute in home financial health check and a second appointment with one of our wealth strategists at one of our office locations . lump sum deposits including but not limited to lottery winnings , inheritance or any other payments considered to be outside the scope of your standard mortgage repayments as determined by infinity group australia are excluded from the analysis . all potential payments will be at the discretion of the infinity group australia’s director’s . all relevant information requested by infinity group australia must be provided by the client to complete the formal assessment .
“we are honored to be the cofounders of a great company that is also a symbol of china - israel cooperation , ” infinity group founder and managing partner amir gal - or said .
the administrator of personal data is infinity group sp . z o . o . with its registered office in białystok , ul . składowa 12 ( hereinafter referred to as the administrator ) .
“infinity group’s activity at harbin no . 1 tools may . . . establish a model for reform that can be applied to other state - owned enterprises in china in the future . ”
cbs hopes infinity ' s ipo will raise $ 2 . 8 billion - latimes
infinity cross border acquisition corp . ( nasdaq : inxb ) is a blank check company co - sponsored by infinity group and hicks holdings llc . infinity corp . held its ipo on july 25 , 2012 and was established for the purpose of acquiring a growing business via a reverse merger . on january 8 , 2014 , infinity and glori energy inc . entered into a merger and share exchange agreement whereby glori will become a publicly listed company through a merger with infinity , in a transaction valued at approximately $ 185 million .
c / o infinity - c . s . v . c . management ltd .
about 94 % of infinity ' s radio stations are in the 50 largest markets .
the israeli - chinese investment fund pioneer infinity group hosted a ceremony in tel aviv on thursday at which its ip bank acquired the intellectual - property rights to the advanced technology of two local companies , pulsar and ghost .
wafer level chip scale package ( wlcsp ) , a portfolio company of israel’s infinity group , became the first company with a foreign cofounder to go public in china when it debuted on the shanghai stock exchange on monday .
wealth creation , self managed super fund and retirement strategy services are not authorised by vow financial pty ltd . vow financial pty ltd is not responsible for this advice or the services provided by infinity group australia pty ltd .
infinity group manages 11 funds , nine of which are in china . it was founded by idb holding idbh . ta subsidiary clal industries cii . ta , the china development bank and china singapore suzhou industrial park ventures co .
infinity announces joint venture established by portfolio company power paper and tianjin masterwork machinery co . ltd .
with a nationwide network of telecoms engineers , infinity group are one of the largest providers of business telephone systems such as mitel and ericsson lg ipecs and telecoms support services in the uk . we are also a leading hosted telephony provider .
in 2004 , shellcase was heavily invested and losing money for its shareholders , which included major global conglomerates . the shareholders chose to close the company . seeing an opportunity , mr . gal - or and infinity group managing partner mr .
american financial group ' s longtime owner is dealmaker carl lindner , 80 , a veteran financier who converts distressed companies into profit - makers .
chinese ambassador to israel zhao jun said infinity group’s entrance into the chinese market in 2004 and its establishment since then of 10 jointventure funds in major cities , including suzhou , was “a great leap forward” for economic relations between the two countries .
infinity , founded by clal industries and investments ltd . from the idb group , is the leading israeli - chinese equity fund with an international team operating in offices in tel - aviv , china , hong kong , new york and london .
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 .
at the same time , rumors surfaced that china’s state - controlled bright food group was revving up talks to buy israel’s largest dairy producer , tnuva .
“tianjin is a very important city and platform . it is the fourth largest city in china and one of the four cities that operates under the central government . for these and many other reasons , life science partnerships are strategic and worthwhile both economically and socially , ” said mr . avi fischer , co - ceo of clal industries and investments , deputy chairman of idb group and chairman of infinity group .
the china development bank and idb group , tel - aviv , israel have invested $ 50 million in the infinity i - china fund . the i - china fund is set to be managed by infinity - csvc partners ltd . , a general partner with a joint management team both from infinity and suzhou ventures group . the fund has served as an initial bridge between israel and china and as such , has created growing enthusiasm . in may 2007 we had a first closing of $ 155 million . with the new investment we now have closed $ 270 million with a new target of $ 350 million by july 2008 . $ 50 million of the $ 270 million is from an on - shore rmb , led by suzhou ventures group ,
said infinity equity managing partner amir gal - or . the infinity i - china fund , invests in late - stage israeli technology companies with parallel investments in chinese businesses , that license israeli technologies to develop and market them in china .
infinity i - china marjie hadad , + 972 - 54 - 536 - 5220 . marjie @ urltoken urltoken
infinity cross border acquisition corporation and glori energy inc . agree to acquire $ 40 million east texas oil property
“the medical services and device sector has and continues to be a major focus of interest at infinity group . the chinese government continues to upgrade the medical services and technologies available in china . israel is a world leader in life science innovation and a prime source for proven ip and advanced technologies for chinese entrepreneurs and chinese companies interested in licensing and developing the technologies for the chinese market . the news announced today marry these like interests and play a major part in the economic package of cooperation between israel and the tianjin municipal government , ” said mr . amir gal - or , managing partner of the infinity group and infinity i - china .
infinity group also announced today that its portfolio company power paper and tianjin masterwork machinery co . , ltd . have entered into a joint venture to develop packaging applications based on power paper’s printable batteries . the jv will also have the right to manufacture power paper’s batteries .
infinity equity , founded by clal industries and investments ltd . from the idb group , is one of the leading israeli - related funds managing , more than us $ 500 million and a portfolio of 45 companies . since june 2005 , infinity has had 14 successful exits . infinity has a highly experienced international team spanning the globe with offices in tel - aviv , china , hong kong , new york and london . for additional information about infinity equity please visit urltoken . to schedule an interview , please contact media liaison marjie hadad at marjie @ urltoken or call + 972 - 54 - 536 - 5220 .
israel has invested considerably in china to establish a network facilitating the tech collaboration and entrepreneurial activities . for example , ip bank - china was created in 2010 in suzhou under the auspices of the infinity group , an israel - based private equity firm that was created by the
until monday’s ipo , israeli shareholders controlled some 38 percent of wlcsp , whose founding investors were infinity and china’s cvsc .
infinity is the first of a handful of financial services firms that are starting off the year in the ipo sector .
representatives from the bright food group are on an acquisitions - focused tour of europe , visiting london , dublin , brussels and barcelona , according to the financial times .
jerry ' s famous deli inc . , studio city , calif . , an initial public offering of 2 . 1 million shares . boston group l . p .
. infinity to date has made 100 deals and 30 successful exits . sectors of focus include : medical , agricultural , water , energy and high end manufacturing . infinity is led by managing partners mr . amir gal - or and mr .
american life group inc . , des moines , an initial public offering of 15 million shares , 12 million in the u . s . and canada . merrill lynch .
gal - or continued , “the crux of infinity’s added value remains grounded in its many strong friendships , high level associations throughout china and its resulting ability to create solid partnerships , creative deals and impressive rois . with each step , our team continues to expand and our influence continues to grow . this is evidenced by the march 2010 announcement of infinity’s six new jv funds throughout the country as well as the recent senior delegation visit to china , hosted by infinity and led by avi fischer , the chairman of infinity i - china , the co - ceo of clal industries and investments and the deputy chairman of idb group . in line with our mandate to open doors for non - chinese entities wishing to do business in china , we introduced senior businessmen to the heads of four provinces and the head of the china development bank . in addition , as part of infinity’s strong interest in water , agriculture and energy , the delegation visited beijing capital group , among other sites . ”
) - - infinity group , an rmb fund pioneer and the leader in cross border china rmb and dollar private equity funds , announced the creation of the first ip bank in china and worldwide at the world economic forum’s 2010 annual meeting of new champions in tianjin , china . the ip bank is a central location in china for ownership and licensing of intellectual property and proven technology . sip from suzhou is infinity’s partner in china .
the people at infinity actually care about you , they care about your family , so i absolutely highly recommend them to anyone .
infinity cross border acquisition corporation and glori energy inc . announce completion of glori’s acquisition of east texas oil property for $ 40 million
houston , dallas and tel aviv , march 17 , 2014 — infinity cross border acquisition corporation ( nasdaq : inxb ) ( “infinity” ) , a special purpose acquisition company , and glori energy inc . ( “glori” ) , an energy technology company that deploys its proprietary aero tm system to significantly increase oil production from mature oil fields , announced today that glori has completed the previously announced acquisition of producing oil assets in wood county , texas from petro - hunt llc ( “petro - hunt” ) for $ 40 million . glori and infinity , which is co - sponsored by infinity group and an affiliate of hicks equity partners llc , recently announced that they will merge in a $ 185 million transaction .
infinity group , an rmb fund pioneer , is the leader in cross border china , rmb and dollar private equity funds . 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 . the teledata exit marked infinity ' s fourth china rated exit , following those from shellcase , nanomotion , and the 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 : urltoken or please contact marjie hadad at marjie . hadad @ urltoken or call + 972 - 54 - 536 - 5220 .
china everbright , the investment arm of state - owned china everbright group , plans to initiate $ 100 million to $ 200 million of investment activity in israel ' s technology sector .
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 / technology development and commercialization in china . infinity group currently manages twelve funds , ten 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 china development bank and the idb group ( the largest conglomerate in israel ) . 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 tht ( jilin province , china ) , shijiazhuang xingbai pharmaceutical company limited ( shijiazhuang , china ) , united water corporation ( shanghai , china ) and weigo ( shangdong , china ) , as well as exits from tegrity , 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 .
i hereby authorize infinity group sp . z o . o . with its registered office in białystok , ul . składowa 12 to process my personal data in order to make contact with authorized employee via telephone or e - mail message , in scope necessary to prepare and present an offer of services provided by the administrator .
is a cross - border platform and private equity fund known for its strong roots in china and currently manages $ 800 million . the group 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 .
houston , dallas and tel aviv – feb . 6 , 2014 – infinity cross border acquisition corporation ( nasdaq : inxb ) ( “infinity” ) a special purpose acquisition company and glori energy inc . ( “glori” ) , an energy technology company that deploys its proprietary aero tm system to significantly increase oil production from mature oil fields , announced today that glori has signed an agreement to acquire producing oil assets in coke field and other operated production in wood county , texas from petro - hunt llc ( “petro - hunt” ) for $ 40 million . glori and infinity , which is co - sponsored by infinity group and an affiliate of hicks equity partners llc , recently announced that they will merge in a $ 185 million transaction .
we have a longstanding relationship with infinity equity and idb group . both the structure of the new i - china fund as well as the strategy of the management is impressive . for these reasons we believe this fund to be a good investment vehicle in addition to another means to further strengthen the bond between israel and china ,
the investment arm of the chinese state - owned china everbright group says it ' s close to signing deals with local firms and will put at least $ 100 million into the tech sector .
we are very pleased about the continuing development of the infinity i - china fund . through this channel , we plan to further strengthen idb
“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 .
copyright © 2018 salon media group , inc . reproduction of material from any salon pages without written permission is strictly prohibited . salon ® is registered in the u . s . patent and trademark office as a trademark of salon media group inc . associated press articles : copyright © 2016 the associated press . all rights reserved . this material may not be published , broadcast , rewritten or redistributed .
) - - infinity equity announced today that the china development bank together with idb group have invested $ 50 million in the infinity i - china fund . the investment was announced today at a morning signing ceremony at the ministry of commerce of the prc in beijing , china , where mr . chen deming , a new minister of the ministry of commerce , and mr . eliyahu yishai , israel ' s deputy prime minister and minister of industry , trade and labor , signed a
selling part of a profitable subsidiary is the same tactic used by news corp . last month when it sold a small stake of fox entertainment group inc . in what was the third - largest ipo by a u . s . company . merrill lynch & co . , which is handling the infinity sale , also managed the sale for fox .
infinity group has launched the new tianjin israel life science fund in cooperation with fellow investors tianjin venture capital co . , ltd . , the tianjin economic and technological development zone , tianjin mingxuan investment co . , ltd and tianjin tianying venture capital management co . , ltd . the mandate of the fund is to invest in life science companies in china .
in 2016 , infinity group won best it & telecoms support provider at the tmt national awards and we were finalists in several other industry awards including customer service team of the year at the comms business awards , business of the year at the keiba awards , excellence in customer service at the chamber awards . please click here to view all our awards to date .
american financial group is selling all of the ipo shares and stands to get $ 279 million ( minus underwriting fees ) . american financial will take in an additional $ 42 million if the underwriter ' s over - allotment is exercised in full ( 1 . 86 million shares ) plus another $ 55 million for the repayment of a promissory note issued to infinity .
infinity have a complete package to offer and they have held my hand all of the way and made me feel confident that i was in good hands .
mr . mark chess , managing director of infinity said ,
glori ' s purchase is just the kind of deal we had in mind when infinity decided to merge with glori . we are delighted to see such progress so early on and look forward to other transactions like this in the coming months .
the financing will be used to merge new water facilities . infinity’s involvement is also intended to create opportunities in the chinese market for israeli water clean tech technologies .
infinity also owns tdi worldwide inc . , one of the largest outdoor advertising companies in the u . s . taking advantage of regulatory changes that make it easier to own more stations in a single market , infinity bought the 100 radio stations of american radio systems corp . for $ 2 . 6 billion last year .
the ipo follows the a - share listing of another infinity - backed company , chinese it service provider dcits , via a reverse merger on december 30 , 2013 .
infinity targets drivers with higher - than - average risk profiles . it charges higher premiums for its coverage than comparable normal risk policies , and is a profitable company .
it was the first such purchase since infinity established the ip bank in september to acquire intellectual property from israel , and from other countries , for use by chinese companies .
financing round for the company . today , wlcsp is a global leader in wafer level packaging . infinity believes the company value will continue to significantly increase in the future .
infinity broadcasting corp . , new york , 8 . 5 million class a shares , 6 . 8 million in the u . s . and canada . merrill lynch .
on january 8 , 2014 , we , glori acquisition corp . , our wholly owned subsidiary ( “ infinity acquisition ” ) , glori merger subsidiary , inc . , a wholly owned subsidiary of infinity acquisition ( “ merger sub ” ) , infinity - c . s . v . c . management ltd . in its capacity as the inxb representative , and glori energy inc . , a delaware corporation ( “ glori ” ) , entered into a merger and share exchange agreement , as amended on february 20 , 2014 ( the “ merger agreement ” ) . pursuant to the merger agreement , we will merge with and into infinity acquisition , a delaware corporation , with infinity acquisition surviving the merger ( the “ redomestication ” ) . immediately following the redomestication , infinity acquisition will effect an acquisition of glori by merger sub merging with and into glori , with glori continuing as the surviving entity ( the “ transaction merger ” and , together with the redomestication , the “ business combination ” ) . in the redomestication , our outstanding equity securities will be cancelled and the holders of our equity securities will receive substantially identical securities of infinity acquisition . in the transaction merger , the outstanding shares of capital stock and warrants of glori will be cancelled in exchange for the right to receive in the aggregate 23 , 584 , 557 shares of common stock of infinity acquisition , subject to the amount withheld for escrow .
together with chase sun pharmaceuticals and tianjin vc , infinity group has also co - founded the tianjin israel chase sun accelerator . the accelerator will focus on developing and commercializing innovative medical devices and pharmaceuticals , from israel , the u . s . and europe , for the chinese market . chase sun is publicly traded on the gem ( growth enterprises market ) board in shenzhen , china , and is a leading pharmaceutical manufacturer .
infinity and china singapore suzhou industrial park ventures co . invested us $ 73 million in dcits in 2008 as part of a spinoff of the company from digital china holdings ltd .
but wlcsp’s public offering may be more about infinity’s china - heavy structure than an impending opening of floodgates for israel , said sam chester , an expert on israel - china relations .
) owns 39 % ) . the infinity ii fund owns 30 % of shellcase , and also owns 8 % of wlcsp through a chinese fund in which it is a partner .
second , on january 7 , 2014 , infinity and infinity acquisition entered into a share purchase agreement with certain investors who agreed to purchase between $ 8 . 5 million and $ 25 . 0 million of shares of infinity acquisition ( the “ pipe investment ” ) . the pipe investment will be consummated simultaneously with the closing of the business combination . approximately twenty persons ( fifteen of whom are not existing shareholders ) will be purchasing shares in the pipe investment . accordingly , upon the consummation of the pipe investment , our shareholder base will increase by an additional fifteen shareholders .
new york ( cbs . mw ) - - infinity property & casualty is drawing limited interest from investors as the 2003 crop of initial public offerings gets off to a rocky start on wednesday .
following completion of the transaction between glori and infinity , the new enterprise will be called glori energy inc . and is expected to be listed on the nasdaq capital market under the ticker symbol glri .
barron lighting group has a 43 year old history of manufacturing high quality lighting products . our deep rooted core value of service and providing satisfaction for customers , vendors and employees has led to significant organic growth and a suite of products that can fulfill virtually any commercial lighting requirement .
this press release is neither an offer to purchase nor a solicitation of an offer to sell any securities . the solicitation and the offer to buy infinity securities is being made pursuant to an offer to purchase and related materials that infinity has filed with the sec . the tender offer statement ( including an offer to purchase , a related letter of transmittal and other offer documents ) contain important information that should be read carefully and considered before any decision is made with respect to the tender offer . these materials ( and all other materials filed by infinity with the sec ) will be available at no charge from the sec through its website at www . sec . gov . security holders may also obtain free copies of the documents filed with the sec by infinity by directing a request to : morrow & co . , llc , infinity corp . ’s information agent , at 470 west avenue , 3rd floor , stamford , ct 06902 , inxb . info @ morrowco . com . security holders of infinity are urged to read the tender offer documents and the other relevant materials before making any investment decision with respect to the tender offer because they contain important information about the tender offer and the transaction .
wlcsp is established in 2005 after infinity helped bring semiconductor technology of israeli company shellcase from jerusalem to china . the suzhou - based company’s business is to provide wafer - level chip - scale packaging services .
“the expected growth in the water market will enable uw to execute its strategic plan to increase revenues and improve profitability . in addition , through infinity , uw now has unique and valuable access to israeli water technology companies . uw management has already visited israel and has begun exploring cooperation with cutting edge israeli water technology companies , ” said mr . amir gal - or , managing partner at infinity i - china .
, is the largest global development institution focused exclusively on the private sector in developing countries . established in 1956 , ifc is owned by 184 member countries , a group that collectively determines our policies . ifc’s vision is that people should have the opportunity to escape poverty and improve their lives .
potential investors may overlook infinity ' s apparently steep price because it is a healthy business run by a highly regarded manager , said mel karmazin , 55 , who would also continue as chief executive of cbs .
amir gal - or , founder and managing partner of infinity group and founder and chairman of the ip bank , said ,
the ip bank has made a great deal of progress since its inauguration approximately six months ago . our pulsar and ghost announcements today demonstrate ipb ' s active and successful implementation of one of its defined missions - to identify and license advanced technologies and proven ip that will service the needs of the growing chinese market and help chinese companies to better compete domestically and internationally .
these risks , as well as other risks associated with the proposed transaction , are more fully discussed in the form 6 - k and schedule to ( and the amendments thereto ) that have been filed by infinity in connection with the transaction and the tender offer . infinity and glori undertake no obligation to update any forward - looking statements contained herein to reflect events or circumstances , which arise after the date of this release .
“the successful combination of infinity and suzhou is not an independent case , ” he said , “but a snapshot of the fast - developing economic relations between the two countries that aim at reciprocity and mutual benefit . ”
“idb and infinity , with the support of sip , have developed a novel business model for the international private equity / venture capital industry to capitalize on china’s rapidly increasing stream of ip import . china has a huge market and companies around the world are actively seeking new and untapped markets for their strong ip . the ip bank provides the infrastructure and necessary experienced team of professionals , in offices in china , israel and the u . s . , for these two forces to collaborate , to the benefit of both , as well as those investing in their futures , ” said mr . amir gal - or , managing partner of the infinity group , founder of the ip bank and a regular speaker at the world economic forum .
altogether , the expected return of $ 147 million amounts to 130 % of the capital raised by the infinity ii fund , in just one deal . clal industries ' share in the deal is around $ 60 million .
infinity leverages its strong network and experience in both israel and china to bring added value to israeli and chinese companies . the fund “builds bridges” by building on the positive and successful synergy that exists between the two nations .
new york — infinity broadcasting corp . , a unit of cbs corp . and the second - largest u . s . radio network , plans an initial stock sale today that could raise $ 2 . 8 billion .
infinity owns 161 radio stations in 34 markets . its stations , which rank first or second in 28 of those markets , accounted for 11 % of all radio advertising revenue in the u . s . last year .
indeed , though the technology is israeli , the company has undergone significant changes since infinity established it in 2005 with the acquisition of jerusalem - based semiconductor technology shellcase , which was a failing venture at the time . infinity renamed it eipat , moved its manufacturing and marketing to china and began licensing its technology . it sold off its intellectual property , but maintained a license for the china market that became the core of its business , run by ceo wang wei .
suzhou , china and tel aviv , israel , march 31 , 2011 / prnewswire / - - infinity group , the leader in cross border china rmb and dollar private equity funds and a pioneer in rmb funds , announced today that its ip bank has acquired the rights to the advanced technology of both pulsar and ghost . the agreements were signed at a ceremony in tel aviv today attended by a senior level delegation from the suzhou municipal people ' s government and suzhou industrial park . the ip bank is headquartered in suzhou . the terms of the acquisitions were not disclosed .
the idb group is the largest investment company in israel , with a diversified portfolio encompassing some of the most influential business enterprises in the israeli economy . idb strives to improve its business performance through constant examination of its businesses in order to obtain a sizable yield for its shareholders . idb also pursues diversified overseas business activities . ( urltoken )
in 1993 . it manages over $ 700 million and rmb 2 billion . the bank is focused on acquiring companies , brands , and intellectual property for licensing and commercialization in china . it has over 15 offices across china with a 90 - strong team , whose members work across the infinity group and ip - bank china . the china development bank primarily provides the rmb funding while the dollar financing has come in from investors all over the world . the business model is to identify intellectual property from israel and then scout the appropriate acquirer in the chinese market who might need these types of assets .
is a venture capital and growth equity firm that invests globally in cleantech , healthcare , and information technology sectors . mgi is the private equity investment group of mitsui & co . and it currently manages over $ 300m in capital , having offices in silicon valley , new york , tokyo , beijing , shanghai , and london ( alliance team in emea ) .
senior executives for the citic group , china ' s largest investment house , have visited israel last week in order to prepare for the summit which will be held in september . according to elizabeth zhang , a senior executive at citic :
citic group , the strategic partner that participated in the first conference , which was held in january 2016 , has understood the potential during the business meetings between over 100 israeli companies and 2 , 300 chinese investors . what we learned from our customers at the first conference was the fact that chinese investors prefer to visit the companies in their own country and in their own natural environment before they make the investment , and this is why we are preparing for the conference in israel .
infinity , whose stations carry the howard stern and don imus shows , expects to sell 135 million shares at $ 19 to $ 22 each , making it the fourth - largest ipo by a u . s . company this decade . the sale would give infinity a total market capitalization of about $ 17 . 1 billion , about three - quarters of the market cap of cbs , which bought the radio company for $ 3 . 8 billion more than two years ago and has since added assets to the radio division .
the innonation summit is a joint initiative of israel’s ministry of economy and industry , and infinity group , organized in response to the growing interest of chinese companies in the israeli economy , and the recent chinese acquisitions of israeli companies . similar to the first event , the objective of the summit is to encourage collaboration between israeli and chinese companies in the fields of technology , innovation , and investment . as part of the collaboration between the two countries , ministers from china and israel are due to participate , alongside representatives of chinese government agencies - the national development and reform commission ( ndrc ) and the ministry of science and technology ( most ) .
following the ipo , infinity ii fund ' s holding in wlcsp through shellcase is worth $ 92 million on paper , plus $ 7 million in cash . its holding in wlscp through the chinese fund is worth $ 44 million on paper and $ 4 million in cash .
thank you for the opportunity to demonstrate infinity cross border acquisition corporation’s ( “ we , ” “ our , ” “ infinity ” or the “ company ” ) ability to regain and maintain compliance with the minimum 300 round lot public holders requirement for continued listing set forth in listing rule 5550 ( a ) ( 3 ) . we have set forth below our plan of compliance , in which we address the events leading to our deficiency , the manner in which we are addressing the deficiency and the specific timeline within which we intend cure the deficiency .
cbs , which also owns a television network , 14 tv stations and several cable networks , would continue to own about 84 % of the fast - growing and profitable infinity . proceeds of the sale would go primarily to pay $ 2 . 5 billion owed cbs as a dividend .
“this marks another milestone in united water’s drive to become a leading player in china’s water industry . infinity not only brings capital to aid our expansion but also access to technology through its network and relationships with israeli water treatment companies . israel is one of the leading nations in both water conservation and water treatment technologies and we will actively work with infinity to find opportunities to utilize such technologies for the benefit of china’s water industry . the follow up investment by blue ridge china demonstrates their continued support for the company , ” said phillip yu , president of united water corporation .
) . before today ' s ipo , the israeli shareholders held 38 % of wlcsp through various entities and partners . wlcsp is a wafer - level chip - scale packaging services company . it was established when , in 2005 , infinity bought semiconductor technology from shellcase ( today eipat ) of
our fund has served as an initial bridge between israel and china and as such has created growing enthusiasm . in may 2007 we had a first closing of $ 155m . with the new investment we now have closed $ 270 million with a new target of $ 350 million by july 2008 . $ 50 million of the $ 270 million is from an on - shore rmb , led by suzhou ventures group ,
you ' re really taking a risk here ,
said mark basham , an analyst at standard & poor ' s equity research group .
the company is going public at the top of the cycle for both advertising growth and radio station valuations .
he contends that a market capitalization of $ 12 billion or $ 13 billion , the equivalent of about $ 15 a share , is more appropriate .
infinity founding partner amir gal - or said the deal “demonstrates ip bank’s active and successful implementation of one of its defined missions : to identify and license advanced technologies and proven ip that will service the needs of the growing chinese market and help chinese companies to better compete domestically and internationally . ”
glori expects to fund the petro - hunt transaction from cash on hand and a new secured debt facility to be arranged prior to the closing of the merger with infinity . subject to the satisfaction of customary closing conditions , closing of the transaction is expected to occur by february 28 , 2014 .
, a producer of micro - batteries ( slender enough to be printed on paper ) and already a portfolio company of the infinity group . they were struggling with their key product for quite some time in israel . they had incorporated the battery into an anti - wrinkle facemask for commercial purposes . ip - bank china carved out the chinese patent from the global patent and started looking for suitable partners in china for entirely different applications . the result was a partnership with a chinese printing company and the battery was assimilated into anti - counterfeiting labels which are used in the packaging for cigarettes , wine and other kinds of alcohol . when you open the packet , a light , powered by the battery , turns on , showing the consumer that this is a genuine product .
power id is technology pioneer and market leader of radio frequency identification ( rfid ) battery assisted passive technology ( bap ) . focusing on the bap field , power id has rich development experience and relevant iwc da vinci replica watches skills , especially in bap tag chip design , antenna design and bap rfid system performance optimization . in 2011 , power id was almost acquired by us high - tech company . infinity successfully prevented it through legal methods . infinity completed acquisition of power id in the same year . after completion of overseas acquisition by ip bank , in order to integrating various resources : an invitation to the same industry senior company euro label joined the establishment of the joint venture company , and injected into infinity of local fund capital , set up production base in changzhou , the products achieved mass production in china . at the background of emphasizing networking development in the 12th five - year plan , power id is of great development prospect by its baprfid technology .
we are a small , family owned and run lighting rep agency based in long lake , mn . tim sheridan , owner and ceo , opened for business in 1992 . for nearly 30 years we have provided the best cutomer service and value in the industry . we specialize in design build projects with emphasis on value and customer service . with a local warehouse stocked full of the newest and greatest led lighting in the market we provide a unique service that no other rep can . with in house engineering and warehouseing . combined with our ability to store product and setup deliveries on your job site ' s schedule makes infinity group your one stop shop ! we hand pick our manfacturers so we have a well rounded line card and are able to provide you with the knowledge needed to make the best choice for your lighting needs .
we were delighted to have recently won the and the best business ( 25 + employees ) at the times business awards and the 2018 business of the year at the kent invicta chamber of commerce awards . we are finalists in three highly competitive categories in the 2018 comms dealer awards and two categories at the crn sales and marketing awards and two kieba awards . 2017 proved to be a record year for infinity group in relation to award wins . we won best technology business at the times business awards , large business of the year and the customer service award at the prestigious kent keiba business awards . we also were selected as finalists for reseller of the year at the comms dealer business awards , the customer service award category at the comms national awards and were also finalists in the best technology blog category at the kent digital awards .