Cirque du Soleil shells out $66 mln for Blue Man Productions: Reuters
Cirque du Soleil paid US$65.5 million to acquire New York-based Blue Man Productions, the company behind the popular live performance Blue Man Group, sources told Reuters. Financing was sourced from a US$85 million add-on to the company’s US$635 million term loan due in July 2022 that was arranged last month by RBC Capital Markets. Montréal-based Cirque previously said the acquisition adds to its audience pool and is in line with a global expansion plan intended to help diversify its offering beyond circus arts. The company has been majority owned by U.S. private equity firm TPG Capital, Fosun Capital and Caisse de dépôt et placement du Québec since 2015.
10 July 2017•2 mins read
