Cirque du Soleil seeks investors to acquire 30% stake
Cirque du Soleil is seeking new investment which could give the Montreal, Canada-based circus business a USD 2.5bn valuation, The Sunday Times reported. Financial advisers have been made aware of the prospective disposal of a minority interest by founder Guy Laliberté, according to City sources cited in the report.
Laliberté is looking for new investment in return for a 30% share of the business, the item reported. It noted that profits have fallen during the past few years.
Dubai-controlled companies acquired part of Cirque du Soleil from Laliberté six years ago, the report noted. It suggested the private-equity house Shamrock Capital Advisors and the US-based entertainment groups AEG Live, IMG and Live Nation are likely to be interested in bidding for Cirque du Soleil.
Sunday Times