Saban expands operations in Asia

MUMBAI: In line with its increased emphasis on India and Southeast Asia, Saban Capital Group has expanded its Asia operations with the opening of a new office in Singapore by its wholly-owned subsidiary Saban Capital Group (Asia).

The new office is to be led by Sumeet Jaisinghani, who has re-located to Singapore from Saban Capital Group's Hong Kong office.

In the Singapore office, Jaisinghani will continue to oversee an investment team dedicated to transaction sourcing and execution. Jaisinghani, who joined Saban Capital Group in 2008, has been involved with all of the firm's investments in Asia.

Saban Capital Group began investing in Asia in 2010 and has five portfolio investments in the region: Media Nusantara Citra, MNC Sky, Celestial Tiger, Taomee, and Global Mediacom.

Saban Capital Group Asia director Sumeet Jaisinghani said, "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."