Cambridge Associates to sell minority stake to client Sofina SA

Cambridge Associates, private equity, merger, M&A
A cyclist rides along the Charles River in Cambridge, Massachusetts as the fog lifts from the Boston skyline across the river, October 5, 2005. REUTERS/Brian Snyder
  • Belgian company is third client to invest in firm
  • Agreed to purchase about 20 pct stake
  • Proceeds for shareholder estate planning, recently retired employees
Cambridge Associates will sell a minority stake to Belgian investment company Sofina SA, a client of the Boston consulting and money-management firm. In a statement to Buyouts, Cambridge said that “the long-standing shareholders of the firm — our co-founders and two families ...

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