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indiantelevision.com Team
MUMBAI: Indian media and communications companies are on the investment radar of the Los Angeles-based private equity firm The Saban Capital Group.
It recently opened its second Asian office in Singapore relocating director Sumeet Jaisinghani from Hong Kong, the location of its first Asian office.
Saban Capital Group was founded by Haim Saban, the man behind the Power Rangers franchise.
The firm currently has five portfolio investments in Asia: Media Nusantara Citra; Indonesian pay TV operator MNC Sky Vision; Celestial Tiger Entertainment, a joint venture with Astro and Lionsgate; Chinese children?s online entertainment company Taomee and Indonesia?s Global Mediacom.
The group?s president and chief operating officer Adam Chesnoff told Bloomberg recently that it wants to treble its investments in Asia. "There is a void in sophisticated investors focusing on media and communication. And that is the strategy we are employing here in Asia," he said.
He revealed that apart from India, the group was also seeking to invest in other media opportunities in south east Asia and South Korea.
