Hargreaves Lansdown Agrees to $6.9 Billion Private Equity Takeover
The UK’s largest stockbroker will be delisted from the London Stock Exchange as shareholders vote on the deal.
- The acquisition consortium includes CVC Group, Nordic Capital, and Abu Dhabi's sovereign wealth fund.
- Shareholders will receive £11.40 per share, including a 30p dividend, if the deal is approved.
- The takeover will result in a significant payout for co-founders Peter Hargreaves and Stephen Lansdown.
- The deal is expected to be finalized in the first quarter of 2025, pending shareholder approval.
- The consortium plans substantial investment in technology to enhance Hargreaves Lansdown's services.
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