TPG Capital

Turkey competition board opens probe against alcoholic beverage company

Turkey's competition board has opened a probe into Diageo's Mey ?çki to examine whether the leading alcoholic beverage producer abused its market dominance in the country.

The board said it had found the preliminary findings on the company's moves "serious and adequate" enough to launch an investigation into whether it abused its market dominance at a meeting on July 28. 

US and Chinese investors buy Cirque du Soleil

American private equity firm TPG and China's Fosun on April 20 bought Canadian entertainment juggernaut Cirque du Soleil for an undisclosed sum as the carnival looks to expand in Asia.

The circus troupe's founder Guy Laliberte retains a small stake of the Montreal-based company he started in 1984 and will continue providing "strategic and creative input."