TPG, Fosun To Acquire Canada’s Cirque du Soleil

U.S. private equity firm TPG Capital and Shanghai-based Chinese conglomerate Fosun International Limited have agreed to acquire a majority stake in Canadian entertainment firm, Cirque du Soleil, according to a company announcement.

TPG is to acquire a majority stake, while Fosun will purchase a minority stake to help the company launch and expand in China.

At the same time, Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec, will also acquire a minority interest.