Elie Dekel is back in biz with Haim Saban.

Dekel, who ankled 20th Century Fox last month after four years as exec veep of licensing and merchandising, has joined Saban Capital Group as a managing director. Dekel previously spent a dozen years working for Saban Entertainment and Fox Family Worldwide when Saban co-owned the company with News Corp.

Dekel will work closely with Saban and Saban Capital prexy chief operating officer Adam Chesnoff in pursuing licensing and merchandising opportunities for Saban Capital ventures.

Saban Capital’s investments range from Bezeq Israeli Communications Group to Spanish-lingo media giant Univision. Saban’s shingle also has a music group and venture capital wing dedicated to investing in digital and high-tech startup businesses.

In announcing Dekel’s hire, Saban said his range of studio and biz experience “will be a valuable asset as we explore new opportunities in the licensing, merchandising and intellectual property arenas.”