Cirque du Soleil emerges from bankruptcy protection with sale to creditors; Murren named to board The Canadian Press · November 25, 2020 at 12:57 pm Cirque du Soleil Entertainment Group says it has completed the sale company to a group of its creditors led by Catalyst Capital Group. The Montreal-based global circus company has several shows on the Las Vegas Strip at properties operated by MGM Resorts International. As part of the transaction, former MGM Resorts CEO Jim Murren and Catalyst Capital managing director Gabriel de Alba were named as co-chairmen of the company’s board of directors. Cirque du Soleil announced the closing of the transaction with its secured lenders and its emergence from court protection from creditors today. Cirque was forced to cancel its shows earlier this year and cut nearly 3,500 employees due to the pandemic. The group of creditors had bid to take control of the company in July, replacing a deal with Cirque shareholders that included debt financing from a Quebec government body.
