Saban Opens Singapore Hub

SINGAPORE/LOS ANGELES: Saban Capital Group has continued its investment in Asia by opening a new office in Singapore, to be led by Sumeet Jaisinghani.

Jaisinghani is relocating from Saban’s Hong Kong office to Singapore to take on the role of the director of Saban Capital Group (Asia). Established in 2001 by Haim Saban, Saban Capital Group and its private equity investments include Saban Brands, which owns IP such as the Power Rangers franchise, the Paul Frank brands and more. Other investments include the U.S. Hispanic outfit Univision Communications, the Israeli telecom operator Bezeq and Germany’s ProSiebenSat.1.

Within Asia, Saban Capital Group has five investments: Media Nusantara Citra, MNC Sky Vision, Celestial Tiger Entertainment, Taomee and Global Mediacom.

Haim Saban, the chairman and CEO of Saban Capital Group, said, "Since we began investing in Asia in 2010, we have assembled a portfolio that includes partnerships with outstanding entrepreneurs, operating executives and leading business groups in the region, and is highly complementary with our relationships and investments outside of Asia. We have a strong desire to increase our capital commitment to Asia and further expand the footprint of our investment franchise.”

Adam Chesnoff, the president and COO of Saban Capital Group, added, “The opening of our office in Singapore highlights our continued focus on expanding our investment presence in Asia and, in particular, the increased emphasis that we have placed on Southeast Asia and India. We believe that our approach as strategic investors in media and communications, with a permanent base of capital, provides significant differentiation and added value to leading entrepreneurs and business groups in the region.”

Jaisinghani commented, “We are excited about the opening of our Singapore office, which will result in closer touch points with investment activity in Southeast Asia and India. We will continue to be opportunistic on the investments that we seek and are open to a variety of growth equity, active minority investments and co-control situations. In addition to Southeast Asia and India, we are also looking selectively at opportunities in North Asia.”