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The board of Hargreaves Lansdown, the UK’s largest retail investment site, has agreed to a £5.4bn takeover by a consortium led by private equity firm CVC Capital Partners.
The consortium will pay £11.40 per share in cash, which includes a final dividend of 30p for the last financial year.
The deal includes an “alternative” option for shareholders who want to stay invested in Hargreaves Lansdown, by allowing them to roll over their stake into the unlisted company.
The FTSE 100 business was founded in 1981 by Peter Hargreaves and Stephen Lansdown, and sells products such as individual pensions directly to customers.
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