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Saban Capital Group Acquires Controlling Interest In Partner Communications Company Ltd From Scailex Corp., Ltd., .
S.B. Israel Telecom Ltd., an affiliate of Saban Capital Group Inc announced it has closed its purchase of the controlling interest in Partner Communications Company Ltd from Scailex Corp Ltd Partner, a provider of communications services in Israel, including cellular, Internet and fixed telephony, operates the orangeTM 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).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.
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