Beijing , China , April 15, 2008 - Ovation Entertainment Limited, a leading television production company focusing on celebrity talk shows and lifestyle content, has completed its Series A financing. Sequoia Capital was the sole investor in this round.
China eCapital acted as the exclusive financial advisor to Ovation Entertainment Limited on this transaction.
Headed by Li Jing, a renowned independent producer and talk show host widely regarded as China 's Oprah Winfrey, Ovation Entertainment Limited currently offers 1 daily program and 4 weekly programs through a national distribution network which includes both satellite channels and local terrestrial channels.
The company will use the proceeds from this round to develop merchandising opportunities as well as additional television content to transform itself from a pure production company into a multi-media marketing powerhouse.
About China eCapital
China eCapital is a leading private investment bank in China . Founded in 2000 with headquarters in Beijing , it provides advisory services in private placements, mergers and acquisitions (M&A), as well as initial public offerings (IPO). While its clients encompass a wide spectrum of industries, it has over the years developed a core competence in (i) media, entertainment and technology, (ii) consumer products and services; and (iii) health care and life sciences. With an international background and a strong local presence, China eCapital has emerged as one of the most dynamic and prominent players on the Chinese investment banking scene. For more information please visit our website at www.china-ecapital.com .
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