HONG KONG & LOS ANGELES, 1 Feb 2012 - Saban Capital Group, a leading global media and communications investment firm, today announced the opening of a new office in Hong Kong by its wholly-owned subsidiary, Saban Capital Group (Asia). The office is led by Sumeet Jaisinghani, who has re-located to Hong Kong from Saban Capital Group's Los Angeles office, and serves to expand the firm's investment activities in Asia.
The Hong Kong office is Saban Capital Group's first office in Asia. Saban Capital Group began investing in Asia in 2010 and has three existing portfolio investments in the region: Media Nusantara Citra, Indonesia's largest and only vertically-integrated media company; Celestial Tiger Entertainment, a joint venture with Astro and Lionsgate on pay TV channels and content creation and distribution across Asia; and Taomee, the largest children's online entertainment company in China. Mr. Jaisinghani, who joined Saban Capital Group in 2008, has been involved with all of the firm's investments in Asia.
Saban Capital Group (SCG) is a leading private investment firm based in Los Angeles specializing in the media, entertainment, and communication industries. SCG was established in 2001 by Haim Saban, co-founder of Fox Family Worldwide, a global television broadcasting, production, distribution and merchandising company owned in partnership with Rupert Murdoch and The News Corporation until its sale to The Walt Disney Company in October 2001.
Source: Saban Press Release
Source: Saban Press Release
