TPG, Fosun and Caisse partner to create a sustainable Cirque du SoleilChristian Fernsby ▼ | June 30, 2020
TPG, Fosun, and Caisse de dépôt et placement du Québec announced that they have partnered with Investissement Québec and submitted a proposal to acquire substantially all of Cirque du Soleil Entertainment Group's assets.
Bid Pending approval from the Superior Court of Québec
Topics: Cirque du Soleil
The proposed Purchase Agreement will provide Cirque du Soleil with capital and resources to stabilize and rebuild its business for the future, including the injection of US$300 million of new liquidity into the restructured business, which shall be used, among other things, to provide dedicated relief for affected employees and contractors, as well as specific commitments toward preserving the brand's Québec heritage.
As part of the Purchase Agreement, Investissement Québec will provide US$200 million in debt financing to support the proposed acquisition. ■