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Why private equity wants Hargreaves Lansdown

The fund supermarket’s competition ‘has gotten tougher’, former staffers say, but that hasn’t stopped potential buyers hunting a deal

By Kristen McGachey
The platform’s billionaire co-founder Stephen Lansdown says buyout shops will be ‘looking closely’ at a purchase as a key deadline approaches
The platform’s billionaire co-founder Stephen Lansdown says buyout shops will be ‘looking closely’ at a purchase as a key deadline approaches Photo: Simon Dawson/Getty Images

With just days to go until a group of private equity heavyweights must make a new offer for Hargreaves Lansdown or walk away, market-watchers are expecting Britain’s largest investment platform to remain a hot takeover target.

A consortium of buyout giants including CVC, Nordic Capital and an Abu Dhabi Investment Authority subsidiary revealed on 22 May that they had lined up a 985p-per-share offer for the business, valuing it at roughly £4.7bn.

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