LOS ANGELES--(BUSINESS WIRE)--Saban Capital Group, Inc. (“SCG”), the private investment firm specializing in the media, entertainment and communications industry, today announced the promotion of Richard Yen to Managing Director, Private Equity. Yen, who has been with SCG since June 2008, will continue to lead the digital media and consumer Internet investment practice for SCG. Yen will support all digital initiatives as SCG plans to expand its investment portfolio in this space.
Based in San Francisco, Yen’s ongoing focus is growth equity investments, pre-IPO investments and buyouts in digital media, mobile and consumer Internet companies. In his seven years with SCG, Yen has been instrumental in growing the SCG investment portfolio with companies including Vessel, ironSource and PlayBuzz, among others. Additionally, Yen has advised SCG’s portfolio of companies including Saban Brands and Univision on digital acquisitions and strategies.
“Richard’s strategic vision and expertise have contributed to the expansion of Saban’s investment portfolio through the years,” said Adam Chesnoff, President and Chief Operating Officer of SCG. “We are pleased to promote Richard to Managing Director, Private Equity at Saban Capital Group, reinforcing our continued focus to partner with and contribute to strong and growing global digital businesses.”
Prior to working for SCG, Yen served as a Principal at Blueprint Ventures and established the firm’s digital media and Internet investing practice. Prior to Blueprint, Yen worked for Rustic Canyon Partners, a technology venture capital firm where he focused on software and wireless investments.
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 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, following 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); MNC (Indonesia's largest and only vertically-integrated media company); and Partner Communications (a leading telecommunications company in Israel). 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, among many others. With offices in Los Angeles and Singapore, SCG actively manages a globally diversified portfolio of investments across public equities, credit, alternative investments, and real property assets. For more information, please visit www.saban.com.