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infinity-group.com

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Investments

4

Partners & Customers

3

About Infinity Group

The Infinity Group is a investment holding company that focuses on real estate, consumer products, and retail-targeted brands.

Infinity Group Headquarters Location

1407 Broadway 30th Floor

New York, New York, 10018,

United States

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Latest Infinity Group News

Africa’s Top Renewable Firm May Raise $4 Billion After Takeover

Jul 26, 2022

Africa Finance Corp. and Egypt’s Infinity Group plan to raise as much as $4 billion to double the size of a recently acquired business that’s already Africa’s biggest renewable power company. Author of the article: Publishing date: Article content (Bloomberg) — Africa Finance Corp. and Egypt’s Infinity Group plan to raise as much as $4 billion to double the size of a recently acquired business that’s already Africa’s biggest renewable power company. Advertisement 2 Article content Try refreshing your browser, or Africa's Top Renewable Firm May Raise $4 Billion After Takeover Back to video The two firms agreed to buy Lekela Power last week and are seeking between $2.5 billion and $4 billion from capital markets over the next four years, Samaila Zubairu, AFC’s chief executive officer and president, said in an interview. “It’s the largest renewable pure play in Africa,” he said. “With this trajectory we are going to sustain that position.” The duo are looking to take advantage of a drive by governments to increase access to electricity in Africa, the world’s poorest continent, through the provision of renewable energy from abundant solar and wind resources. Infrastructure-investment specialist AFC, based in Nigeria, and Infinity are buying Lekela from a group led by Actis LLP in a transaction valued at $1.5 billion. Advertisement 3 Article content “The best way for Africa to benefit is to first take ownership of its own strategy,” Zubairu said. “Access to energy is a big challenge in Africa. This platform, this acquisition, gives us an opportunity to pursue these opportunities at scale.” When the deal is complete, AFC and Infinity will combine their renewable assets into a new yet-to-be-named entity. Cantor Fitzgerald LP, Norton Rose Fullbright LLP and Absa Group Ltd. advised the firms on the transaction, which comes amid a wave of consolidation in the industry in Africa. British International Investment has hired Rothschild & Co. to review options on how to grow its Globeleq unit and Actis is looking to sell its BTE Renewables business in South Africa. Advertisement 4 Article content Lekela has installed capacity of one gigawatt, while AFC and Infinity own about 400 megawatts of generation assets. The combined group will have a pipeline of more than three gigawatts and the aim is to convert between half and two-thirds of that into operating assets within four years. The potential projects — which include wind, solar and hydro — spans much of Africa including the Democratic Republic of Congo, Ghana and Nigeria. Much of the money required could come from development finance institutions AFC has previously worked with, Zubairu said. These include France’s Proparco, Germany’s KFW Group and the US International Development Finance Corp.  Charcoal, Firewood  AFC is also looking to cut the continent’s reliance on charcoal and firewood for cooking fuel to reduce deforestation and air pollution. The World Bank blames the practice for shortening the lives of half a million Africans every year. “The easiest way to keep trees in the ground is liquefied petroleum gas,” he said. “Harnessing flared gas which contributes to carbon emissions, and converting that to LPG is a win-win for both the climate and for Africans. We are looking at investment in that space.” AFC may also look for further acquisition opportunities, he said. The purchase of Lekela was 80% financed by equity and 20% debt. Share this article in your social network Share this Story: Africa's Top Renewable Firm May Raise $4 Billion After Takeover

Infinity Group Investments

4 Investments

Infinity Group has made 4 investments. Their latest investment was in Solorein Technology as part of their Private Equity on March 3, 2012.

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Infinity Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/5/2012

Private Equity

Solorein Technology

$1.26M

Yes

8/15/2011

Series C

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$99M

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0

3/1/2011

Private Equity

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$99M

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0

12/8/2010

Unattributed

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$99M

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0

Date

3/5/2012

8/15/2011

3/1/2011

12/8/2010

Round

Private Equity

Series C

Private Equity

Unattributed

Company

Solorein Technology

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Amount

$1.26M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

0

0

0

Infinity Group Partners & Customers

3 Partners and customers

Infinity Group has 3 strategic partners and customers. Infinity Group recently partnered with Liquefy on March 3, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

3/12/2019

Partner

Hong Kong

Liquefy announces partnerships with 1.5bn USD investment firm Infinity Group and Israel-China partnership platform Innonation on asset digitization

HONG KONG , March 12 , 2019 / PRNewswire / -- Liquefy , a technology solution that enables innovative business models through blockchain technology and digitization , has announced its partnership with Infinity Group , a China , Israel and US based cross border investment fund with over US$ 1.5 bn in AUM ; and Innonation , a platform that fosters cross border relationships between Israeli and Chinese entities .

1

1/9/2018

Client

United States

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10

1/31/2013

Partner

United Kingdom

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10

Date

3/12/2019

1/9/2018

1/31/2013

Type

Partner

Client

Partner

Business Partner

Country

Hong Kong

United States

United Kingdom

News Snippet

Liquefy announces partnerships with 1.5bn USD investment firm Infinity Group and Israel-China partnership platform Innonation on asset digitization

HONG KONG , March 12 , 2019 / PRNewswire / -- Liquefy , a technology solution that enables innovative business models through blockchain technology and digitization , has announced its partnership with Infinity Group , a China , Israel and US based cross border investment fund with over US$ 1.5 bn in AUM ; and Innonation , a platform that fosters cross border relationships between Israeli and Chinese entities .

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Sources

1

10

10

Infinity Group Team

3 Team Members

Infinity Group has 3 team members, including current Founder, Managing Partner, Steven Kassin.

Name

Work History

Title

Status

Steven Kassin

Founder, Managing Partner

Current

Alan Yordy

President

Current

JD Carter

Founder

Former

Name

Steven Kassin

Alan Yordy

JD Carter

Work History

Title

Founder, Managing Partner

President

Founder

Status

Current

Current

Former

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