Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,355.78 93.22 0.57%
S&P 500 1,855.75 12.77 0.69%
NASDAQ 4,060.78 26.61 0.66%
Ticker Volume Price Price Delta
STOXX 50 3,139.26 47.74 1.54%
FTSE 100 6,584.17 42.56 0.65%
DAX 9,317.82 144.11 1.57%
Ticker Volume Price Price Delta
NIKKEI 14,417.68 420.87 3.01%
TOPIX 1,166.55 30.46 2.68%
HANG SENG 22,696.01 24.75 0.11%

Saban Capital Group Acquires Controlling Interest in Partner Communications



  Saban Capital Group Acquires Controlling Interest in Partner Communications

   Investment marks Saban’s re-entry into the Israeli communications market

Business Wire

LOS ANGELES -- January 29, 2013

S.B. Israel Telecom Ltd., an affiliate of Saban Capital Group, Inc., announced
today it has closed its purchase of the controlling interest in Partner
Communications Company Ltd. (TASE: PTNR; NASDAQ: PTNR) from Scailex
Corporation Ltd. (TASE: SCIX). Partner, a leading provider of communications
services in Israel, including cellular, Internet and fixed telephony, operates
the orange^TM and 012 Smile brands in Israel. The transaction includes the
assumption of debt owed by Scailex to Advent Investments Pte Ltd., a
subsidiary of Hutchison Whampoa Limited (HKEX: 13).

Haim Saban, Chairman and Chief Executive Officer of Saban Capital Group said,
“We have great confidence in the Israeli economy and we are very impressed
with the quality of management, entrepreneurial spirit and strength of the
local economy. I have no doubt that, together with Partner management, we can
lead the Company to great achievements in all areas of its operations.”

Adam Chesnoff, President and Chief Operating Officer of Saban Capital Group
said, “We are excited about our investment in Partner and to be re-entering
the Israeli market. We would also like to convey our appreciation to Partner's
dedicated employees and the excellent management team headed by CEO Haim
Romano. Together, we will strengthen the Company for the benefit of its
employees, customers and stakeholders.”

From 2005-2010, Saban Capital Group and its partners were investors in Bezeq
Israeli Telecommunication Corp. (TASE: BEZQ), Israel’s incumbent
telecommunications operator. From 2005-2008, Saban Capital Group was an
investor in Keshet Broadcasting Ltd., the leading media brand and television
station in Israel.

Saban Capital Group received legal advice from Zellermayer, Pelossof,
Rosovsky, Tsafrir, Toledano & Co. Advocates and Skadden, Arps, Slate, Meagher
& Flom LLP, financial advice from Deutsche Bank Israel and transaction
advisory services from KPMG Somekh Chaikin.

About Saban Capital Group

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. The firm currently
makes both controlling and minority investments in public and private
companies and takes an active role in its portfolio companies. SCG's current
private equity investments include Univision (the premier Spanish-language
media company in the US); Celestial Tiger Entertainment (a venture with
Lionsgate and Astro, Malaysia’s largest pay TV platform, to launch and operate
new branded pay television channels across Asia); Taomee (China's leading
children's online entertainment company); MNC (Indonesia's largest and only
vertically-integrated media company); and Sky Vision (Indonesia’s largest Pay
TV platform). Saban Brands LLC, an affiliate of SCG, was formed in 2010 to
acquire, manage and license entertainment properties and consumer brands
across media and consumer platforms globally, and currently holds the rights
to Power Rangers and Paul Frank Industries in its portfolio. With offices in
Los Angeles and Hong Kong, SCG actively manages a globally diversified
portfolio of investments across public equities, credit, alternative
investments, and real property assets.

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider
of telecommunications services (cellular, fixed-line telephony and internet
services) under the orange™ brand. Partner also provides mobile communications
services to approximately three million subscribers in Israel and provides
international long distance services, internet services and local
telecommunication fixed-line services (including telephony services using VOB)
under the 012 Smile brand. 012 Smile is a wholly owned subsidiary of Partner
Communications. Partner’s ADSs are quoted on the NASDAQ Global Select Market™
and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE:
PTNR). More information can be found at
www.orange.co.il/en/Investors-Relations/lobby/.

Contact:

United States:
Sard Verbinnen & Co.
Stephanie Pillersdorf, +1 212 687 8080
sp@sardverb.com
or
Israel:
Moshe Debby, +972 52 8748744
moshe@debby.co.il
or
Asia:
Kreab Gavin Anderson
Jennifer Schlueter, +852 3753 6022
jschlueter@kreabgavinanderson.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement