It is as synonymous with Vegas as casinos are but Montreal-based Cirque du Soleil has hit a midlife crisis. However, a TPG Capital-led consortium, which includes Fort Worth and Shanghai’s Fosun International, has come up with the right pick-me-up. The trio has reportedly bought an 80% stake, while 10% will be held by investor Cassie de dépôt et placement du Québec. Cirque has reportedly fetched $1.5 billion and its founder, billionaire Guy Laliberté, will hold the remaining 10% stake in the company. Though we don’t know their plans, the investors seem to be betting on China — and its interest in Western entertainment — to bring the trampoline jump for the circus troupe.
Photo Feature
Resurrection act
A TPG Capital-led consortium picks up an 80% stake in Montreal-based entertainment company Cirque du Soleil
|
Published 9 years ago on May 15, 2015 • 1 minute Read
Editor's Pick
Most Popular
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Decoupage goes digital
Kishore Singh - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021