TPG to take majority of Cirque du Soleil

Cirque du Soleil said Monday that TPG Capital is buying a majority holding in the company while Guy Laliberté, Cirque’s founder, will maintain a stake in the business. Fosun Capital Group, owned by Chinese conglomerate Fosun International Ltd., and Caisse de dépôt et placement du Québec will each have a minority. Financial terms weren’t announced but press reports peg the deal at $1.5 billion. Cirque, a theatrical production company, will retain its headquarters in Montréal. Goldman Sachs advised Cirque.

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