Hargreaves Lansdown has agreed to a takeover offer worth £5.44bn from a consortium including buyout giant CVC Capital Partners and the Abu Dhabi wealth fund.
Under the terms of the 1,140p-per-share offer, investors in the Bristol-based investment platform will get 1,110p per share in cash plus a dividend of 30p per share as part of the deal.
The group of bidders includes buyout giant CVC, Nordic Capital, and Platinum Ivy, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The consortium is owned in equal parts by the three firms. In a stock market update, the consortium said the deal is set to complete in the first quarter of 2025 if shareholders approve the terms.
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