0001209191-16-141684.txt : 20160915 0001209191-16-141684.hdr.sgml : 20160915 20160915200457 ACCESSION NUMBER: 0001209191-16-141684 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20160915 FILED AS OF DATE: 20160915 DATE AS OF CHANGE: 20160915 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Saban Capital Acquisition Corp. CENTRAL INDEX KEY: 0001671854 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 981296434 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD, 26TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD, 26TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Saban Cheryl CENTRAL INDEX KEY: 0001568981 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888090 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCG Investment Holdings, Inc. CENTRAL INDEX KEY: 0001568910 STATE OF INCORPORATION: DE FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888091 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Saban Capital Group, Inc. CENTRAL INDEX KEY: 0001568913 STATE OF INCORPORATION: DE FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888092 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HSAC Investments LP CENTRAL INDEX KEY: 0001568979 STATE OF INCORPORATION: DE FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888094 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Saban Capital Acquisition Corp. CENTRAL INDEX KEY: 0001671854 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888095 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD, 26TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD, 26TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Saban Haim CENTRAL INDEX KEY: 0001310582 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888089 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BLVD. STREET 2: 26TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Alpha Family Trust CENTRAL INDEX KEY: 0001568991 STATE OF INCORPORATION: CA FISCAL YEAR END: 1213 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37878 FILM NUMBER: 161888093 BUSINESS ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310) 557-5100 MAIL ADDRESS: STREET 1: 10100 SANTA MONICA BOULEVARD STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2016-09-15 0 0001671854 Saban Capital Acquisition Corp. SCAC 0001671854 Saban Capital Acquisition Corp. 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001568979 HSAC Investments LP 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001568991 Alpha Family Trust 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001568913 Saban Capital Group, Inc. 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001568910 SCG Investment Holdings, Inc. 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001568981 Saban Cheryl 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001310582 Saban Haim 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES CA 90067 1 0 1 1 Chairman of the Board Class F ordinary shares Class A ordinary shares 5561000 D The Class F ordinary shares are convertible for the Class A ordinary shares of Saban Capital Acquisition Corp. (the "Issuer") as described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-213259) and have no expiration date. The Class F ordinary shares beneficially owned by the reporting person includes up to 750,000 Class F ordinary shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised as described in the Issuer's Registration Statement on Form S-1 (File No. 333-213259). The Class F ordinary shares are held directly by Saban Sponsor LLC (the "Sponsor"). Haim Saban and his spouse, Cheryl Saban, share voting and dispositive power over the founder shares held by the Sponsor as a result of being the co-trustees of Alpha Family Trust (the "Trust"), which is the sole shareholder of SCG Investment Holdings, Inc. ("SCG Investments"), the sole shareholder of Saban Capital Group, Inc. ("SCG"), the general partner of HSAC Investments LP ("HSAC"), which controls the Sponsor. Each of Haim Saban, Cheryl Saban, the Trust, SCG Investments, SCG and HSAC disclaims beneficial ownership of the Class F ordinary shares except to the extent of his, her or its pecuniary interest therein. Exhibit 24 -- Powers of Attorney /s/ Adam Chesnoff, as attorney-in-fact for Saban Sponsor LLC 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for HSAC Investments LP 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for Alpha Family Trust 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for Saban Capital Group, Inc. 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for SCG Investment Holdings, Inc. 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for Cheryl Saban 2016-09-15 /s/ Adam Chesnoff, as attorney-in-fact for Haim Saban 2016-09-15 EX-24 2 attachment1.htm EX-24 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 15th day of September, 2016.


By:
 
/s/ Adam Chesnoff
 
 
Saban Sponsor LLC
    Name: Adam Chesnoff
    Title: Managing Director
 

 
 EX-24.1 3 attachment2.htm EX-24.1 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 15th day of September, 2016.


By:
 
/s/ Haim Saban
 
 
Haim Saban
 

 
 EX-24.2 4 attachment3.htm EX-24.2 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 14th day of September, 2016.


By:
 
/s/ Cheryl Saban
 
 
Alpha Family Trust
    Name: Cheryl Saban
    Title: Co-Trustee
 

 
 EX-24.3 5 attachment4.htm EX-24.3 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 15th day of September, 2016.


By:
 
/s/ Adam Chesnoff
 
 
HSAC Investments LP
    Name: Adam Chesnoff
    Title: Director of GP, Saban Capital Group, Inc.
 

 
 EX-24.4 6 attachment5.htm EX-24.4 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 14th day of September, 2016.


By:
 
/s/ Cheryl Saban
 
 
Cheryl Saban
 

 
 EX-24.5 7 attachment6.htm EX-24.5 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 15th day of September, 2016.


By:
 
/s/ Adam Chesnoff
 
 
Saban Capital Group, Inc.
    Name: Adam Chesnoff
    Title: Director
 

 
 EX-24.6 8 attachment7.htm EX-24.6 DOCUMENT Unassociated Document
 
POWER OF ATTORNEY
For Executing Forms 3, 4 and 5

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of Adam Chesnoff and Niveen Tadros or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 
(1)
execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of Saban Capital Acquisition Corp., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 
(2)
do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 
(3)
take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by Saban Capital Acquisition Corp. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 15th day of September, 2016.


By:
 
/s/ Adam Chesnoff
 
 
SCG Investment Holdings, Inc.
    Name: Adam Chesnoff
    Title: President and Chief Operating Officer