Cirque du Soleil in Talks with PE Consortia to Sell Majority Stake
April 13, 2015
Theatrical production company Cirque du Soleil is reportedly in talks with two PE consortia to sell a majority stake in the company. Founded in 1984 with just 20 street performers, the company now employs close to 4,000 people, including 1,300 artists. Its productions have been seen by more than 155 million spectators across 300+ cities in six continents. The two parties said to be interested include a consortium comprised of CVC Capital Partners and Providence Equity, as well as a group made up of TPG and Fosun International. Caisse de dépôt et placement du Québec is also said to have expressed interest in taking a 10% stake alongside either of the two PE pairings. PE firms have supposedly made offers valuing Cirque du Soleil at nearly $1.5 billion.