UPDATE 1-Cirque du Soleil sells majority stake to U.S., Chinese investors

April 20, 2015 3:18 PM

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The deal to sell the stake, the size of which was not disclosed, to a group led by Texas-based TPG Capital LP values Montreal-based Cirque at about $1.5 billion, according to people familiar with the matter..

The group includes Fosun Capital Group, owned by Chinese conglomerate Fosun International Ltd. Canada's second-largest pension fund, Caisse de dépôt et placement du Québec, will take a minority stake.

Also read: China's HNA Group is buying a stake in Hilton in $6.5-billion deal

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