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TPG Capital-Led Group to Buy Canada’s Cirque du Soleil

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A group led by private equity firm TPG Capital agreed to buy Cirque du Soleil after its billionaire founder determined his kids didn’t want to run it.

The Caisse de depot et placement du Quebec and China’s Fosun International Ltd. will acquire minority stakes in the Montreal-based entertainment company under the terms of the deal, according to a statement from Cirque du Soleil and TPG on Monday. Quebec businessman Mitch Garber will be part of the investor group and become chairman of the company. Terms of the deal weren’t disclosed.