HONG KONG and LOS ANGELES (February 1, 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 (IDX: MNCN), 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 (NYSE: TAOM), 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.