Falcon Partner Holdings Invests in Orb Media Group (Exclusive)
Falcon partner Rafe Fogel says investment reflects China's incredible growth potential
Orb Media Group CEO Peter Shiao has announced that it has received an investment from the private equity firm Falcon Partner Holdings in its series B offering, and that Rafe Fogel, a partner in Falcon, has joined its board of directors.
"Falcon is an ideal partner for us on many fronts," Shiao told THR. No details of the investment were given.
"We are already benefiting from Falcon’s expertise in operating successful global entertainment companies and large structured film finance facilities. These are both critical success factors for Orb as we move quickly to launch our platform in 2015."
Falcon has over $1.6 billion under management, and invests subordinated debt and equity capital in leading middle market companies. Some of its entertainment investments have included Legendary Pictures, Village Roadshow Pictures and Relativity Media.
Fogel, who is the partner in charge of entertainment and media investments at Falcon, said it was no secret that China represented incredible growth potential for the media and entertainment sector.
"It is a great opportunity to back a team like Orb that has its feet firmly planted in both Hollywood and China media space," said Fogel.
Existing shareholders in Orb include Endgame Entertainment, which has backed Looper and many other projects, and the Strategic Bang Group of China.
Shiao has been involved in many bridge-building efforts between Hollywood and China, including organizing the U.S.-China Film Summit with the Asia Society next week.
Orb's projects focus on a through line between films, games, television and social and mobile content, and the company's projects include adaptations based on the popular Shiao Yi martial arts fantasy novels.
"We feel that there is large underserved market for fantasy and sci-fi films steeped in martial arts style and transformational philosophies," said Shiao.