Cirque du Soleil Creditors Win Control; TPG, Fosun Wiped Out

www.cirquefascination.com: Lenders to Cirque du Soleil Entertainment Group won control of the company in a court-supervised restructuring.

The bid by the creditors’ group, which represents holders of about $760 million in Cirque debt and includes Toronto-based Catalyst Capital Group Inc., must still receive the approval of a Canadian court. Lenders are planning to inject $375 million of new capital into the Montreal-based company to restart its shows.