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 ...