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TPG in talks to bring Cirque du Soleil to Saudi Arabia: Reuters

U.S. private equity fund TPG Capital has started talks with the Saudi Arabian government to bring Cirque du Soleil to the kingdom, TPG chairman David Bonderman said on Thursday.

Montréal-based Cirque du Soleil, the global circus and entertainment troupe, sold a majority stake to a group led by TPG in 2015 in a deal valued at US$1.5 billion.

Update: In July, Cirque du Soleil acquired New York-based Blue Man Productions, the company behind the live performance Blue Man Group, for US$65.5 million.

(Reporting by Katie Paul, Editing by William Maclean)

(This story has been edited by Kirk Falconer, editor of PE Hub Canada)

Photo courtesy of Reuters/Luke MacGregor