CVC, ADIA to acquire Hargreaves Lansdown for £5.4B - Breaking The News

CVC, ADIA to acquire Hargreaves Lansdown for £5.4B

9 August

1 min read

UNSPLASH / ANNIKA WISCHNEWSKY

Hargreaves Lansdown Plc and CVC Capital Partners, Nordic Capital and Platinum Ivy, a subsidiary of Abu Dhabi Investment Authority (ADIA), reached an acquisition agreement, valued at £5.4 billion or 1,140 pence per share, Harp Bidco Limited, a newly formed company to be indirectly owned by the aforementioned firms, announced on Friday in a statement.

Each HL shareholder will have the opportunity to receive 1,140 pence in cash for each share, with the amount encompassing cash consideration of 1,110 pence per HL Share and a dividend of 30 pence per HL Share in respect of the Financial Year ended 30 June 2024.

The cash offer represents a premium of around 54% to the closing price of 740.0 pence apiece registered on April 11.

mergers and acquisitions cvc adia

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