Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has joined an affiliate in purchasing a 4.7% stake in Anxin-China for $30m.
Last July, Anxin invested $30m buying Israeli security video analysis technology Mate IP and I-China Security from Infinity.
In October, Infinity closed two Chinese currency funds at RMB400m and sold security devices company China Security, from which it realized a 26% internal rate of return, according to news provider Dow Jones.