Photo Feature

Resurrection act

A TPG Capital-led consortium picks up an 80% stake in Montreal-based entertainment company Cirque du Soleil

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Published 7 years ago on May 15, 2015 1 minute Read

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.