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The Business Magazine July 2024
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Hargreaves Lansdown receives revised takeover offer

The Business Magazine article image for: Hargreaves Lansdown receives revised takeover offer
Clifton village and suspension bridge in Bristol
18 June 2024
Clifton village and suspension bridge in Bristol

In May, Bristol-based wealth management company Hargreaves Lansdown rejected a takeover bid from CVC Advisers Limited, Nordic Capital and Platinum Ivy B 2018 RSC Limited – a wholly-owned subsidiary of Abu Dhabi Investment Authority.

A month later and it's feeling more positive about a revised offer.

The consortium has come up with a revised offer of £11.40p per share, valuing the company at around £5.4 billion.

Hargreaves Lansdown said: "The Board remains confident in management's ability to execute Hargreaves Lansdown's strategic priorities and in Hargreaves Lansdown's fundamental longer term prospects. However, having evaluated the Revised Possible Cash Offer, which would provide the certainty of value in cash to shareholders, the Board has decided to engage with the Consortium and provide confirmatory due diligence access."

The Board has said that the revised possible cash offer is at a value that the Board would be willing to recommend unanimously to Hargreaves Lansdown shareholders, should a firm offer be made.

The consortium now has until 5pm on 19th July (tomorrow), to make a firm offer.


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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