Bridgepoint to acquire a 28% stake in Cyrus Conseil.

Bridgepoint agreed to acquire a 28% stake in Cyrus Conseil, a French wealth management firm. Financial terms were not disclosed. Meyer Azogui, Cyrus President, said the firm wanted to take part in the consolidation of the wealth management consultancy market in France and therefore wanted to tap the financial resources and advice of Bridgepoint, which has more than $17.8bn in assets under management.