CVC, ADIA Agree to Buy Hargreaves Lansdown in £5.4 Billion Deal

A group of private equity suitors have agreed to buy Hargreaves Lansdown Plc in a deal that values the UK investment platform at £5.4 billion ($6.9 billion).

Hargreaves Lansdown is unanimously recommending shareholders support the offer by CVC Capital Partners, Nordic Capital and a subsidiary of Abu Dhabi Investment Authority, according to a statement on Friday. The price of 1,140 pence per share includes 30 pence for its 2024 final dividend, and represents a 54.1% premium to Hargreaves’s close on April 11, the last business day before the group’s initial approach to the board.

Hargreaves Lansdown’s board said in June ...