Private equity firm Infinity Group 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.
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.
The Tegrity sale is Infinity’s fourth exit this year, following Orsus, Futuragene, and Teledata.
Infinity managing partner Avishai Silvershatz, based in Israel, said Infinity's support and guidance helped the companies develop to the point of an exit. "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."
Infinity was founded by the IDB Holding Corp. Ltd. (TASE:IDBH) and the China Development Bank.
Published by Globes [online], Israel business news - www.globes-online.com - on October 4, 2010
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