MONTRÉAL, Feb. 17, 2020 /PRNewswire/ – Caisse de dépôt et placement du Québec (CDPQ) announced today that it is increasing its stake in Cirque du Soleil Entertainment Group (Cirque du Soleil), a leader in the live entertainment industry. As part of this transaction, CDPQ is acquiring the holdings of the company’s founder, Guy Laliberté, who will remain involved in the company’s creative process and retain economic interests.
Following this investment, CDPQ will own nearly 20% of Cirque du Soleil. “We are happy to strengthen our presence among shareholders of Cirque du Soleil, an iconic entertainment brand with worldwide renown,” said Charles Emond, President and Chief Executive Officer of CDPQ. “CDPQ intends to continue backing Cirque du Soleil in its development projects that have showcased Quebecers’ creativity and