Cirque du Soleil (“Cirque”), the world’s leading producer of high-quality live artistic entertainment, today announced the closing of the transaction under which TPG, a global private investment firm, has acquired a majority stake in Cirque du Soleil, alongside partners Fosun and the Caisse de dépôt et placement du Québec. Cirque founder and strategic advisor, Guy Laliberté will also retain a minority stake in the Company. Mitch Garber, Chair of the Cirque Board, Claridge, Stephen Bronfman’s family investment arm, and Cirque President and CEO Daniel Lamarre will also acquire ownership stakes.
“With the assistance of our new partners, we have already begun laying the ground work for the global expansion of the Cirque du Soleil brand, as evidenced by our recently announced growth plans in Asia,” said Daniel Lamarre, President and CEO of Cirque du Soleil. “We look forward to working with TPG, Fosun and the Caisse for years to come, as we continue to bring Cirque’s extraordinary artistic vision to audiences around the world.”
“The incredible team at Cirque du Soleil is in a great position to continue building upon the legacy of excellence and imagination fostered by Guy Laliberté and to expand this iconic brand to new markets,” said Mitch Garber, Chairman of Cirque du Soleil. “On behalf of the entire investor group, we look forward to partnering with the Cirque team and seeing the amazing things that are yet to come from this truly unique organization.”
{ SOURCE: Cirque du Solei | https://goo.gl/Ek4fQp }
