Israeli private equity investor Infinity Group has increased its stake in Anxin-China, whose subsidiaries provide software and hardware systems used in disaster alert and rescue coordination, to 4.7 per cent
Infinity said it intended to raise its stake in Anxin to at least five per cent over time.
The firm also sold marketing and distribution rights for Mate IP and I-China Security to Anxin for $30m in two tranches, marking its tenth sale of intellectual property originating outside of China to a Chinese company.
Infinity managing director Ariel Poppel said, “Infinity is well-known for its strong post transaction follow up.
“These are not just words but a true order of commitment and service to our partners.
“This is the reason for our continued active support of Anxin in terms of investment, expansion and development of markets for ISD platforms
“We have great confidence in Anxin, its management and its business. Its performance to date has been impressive.”
The firm was launched in 1993 to unlock the full value of cross-border partnerships, and has strong roots in China.
It is backed by global investors including the China Development Bank, Clal Industries and the IDB Group, and also has the support of the Chinese and Israeli governments.
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