The acrobats of Cirque du Soleil have been bought by TPG Capital and Fosun, the Chinese conglomerate, in a deal that values their troupe at about $1.5bn.
The global circus and entertainment company said the deal would allow it to expand new consumer brands and media partnerships and that it would have “greater reach and access” to the Chinese market.
Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec, will take a minority stake. Guy Laliberté, who founded Cirque du Soleil and owned 90 per cent of the company, will also retain a share.
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