Hargreaves Lansdown agrees £5.4bn private equity takeover
A £5.4bn bid for wealth management firm Hargreaves Lansdown has finally been made, after months of negotiations with the Bristol-based retail investment site.
The consortium of bidders is made up of buyout giant CVC, Copenhagen’s Nordic Capital and Abu Dhabi Investment Authority-owned Platinum Ivy.
The deadline for a bid, which was today, had already been pushed back three times after the original proposal was agreed in June. Several lower bids from the consortium had been rejected.
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