The Consortium of CVC Capital Partners Limited, Nordic Capital XI Delta, SCSp and Platinum Ivy B 2018 Rsc Limited made an offer to acquire Hargreaves Lansdown plc (LSE:HL.) for £4.67 billion on April 26, 2024. Under the terms, the Consortium approached the Board of Hargreaves Lansdown at 985 pence per Hargreaves Lansdown share. The Board is focused on executing its strategy and looks forward to updating the market at the full year results on August 9, 2024. In the meantime, shareholders are advised to take no action.

Kunal Gandhi, Rob Williams, Graham Marchant and Richard Locke of Fenchurch Advisory Partners LLP acted as financial advisor and Equiniti Limited acted as transfer agent to Hargreaves Lansdown. Mark Sorrell, Nick Harper, James Lucas and Cara Pazdon of Goldman Sachs International acted as financial advisor to the Consortium.

The Consortium of CVC Capital Partners Limited, Nordic Capital XI Delta, SCSp and Platinum Ivy B 2018 Rsc Limited cancelled the acquisition of Hargreaves Lansdown plc (LSE:HL.) on April 26, 2024. As of April 26, 2024, the Board confirms that it unanimously rejected the Proposal on the basis it substantially undervalues Hargreaves Lansdown and its future prospects.