04/16/2015 08:17 EDT | Updated 06/28/2015 22:59 EDT

A timeline of Quebec's beloved Cirque du Soleil

MONTREAL - A U.S. private equity firm is reportedly close to completing a deal to take over Cirque du soleil, Quebec's world-famous circus company.

A timeline:

1984 -- To mark the 450th anniversary of French explorer Jacques Cartier's arrival in Canada, the Quebec government hires Guy Laliberte and Gilles Ste-Croix's troupe of about 20 street performers. They create the Le Grand Tour du Cirque du Soleil, and take the show on the road to 11 Quebec communities.

1985 -- The troupe travels beyond Quebec for the first time, playing in Ottawa, Toronto and Niagara Falls, and then onto western cities a year later. By 1987, it performs in California and earns raves reviews for its We Reinvent the Circus show.

1990 -- We Reinvent the Circus goes to London and Paris.

1994 -- The company marks its 10th anniversary with the show Alegria, opening in Montreal. It plays in 250 cities for more than 14 million audience members, closing in December 2013.

1998 -- The troupe's new show, O, opens in Las Vegas's Bellagio hotel and casino. O is the troupe's first aquatic performance.

2003 -- Zumanity, an adult-only Cirque show, opens at another hotel in Las Vegas.

2009 -- Laliberte becomes Canada's first private space explorer.

2010 -- Laliberte receives a star on the Hollywood Walk of Fame.

2012 -- The troupe launches a creative production service aimed at helping other artists and organizations. Madonna's halftime Super Bowl performance used the Cirque's artistic direction.

2013 -- An acrobat from Paris, France becomes the first-ever fatality during a Cirque performance. Sarah Guyard-Guillot falls to her death at the MGM Grand in Las Vegas.

2014 -- The Cirque marks its 30th anniversary.

2015 -- The Cirque is reportedly close to a takeover deal with U.S. private equity firm TPG Capital along with the Caisse de depot and a large Chinese investment fund.