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