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Hargreaves Lansdown rejects takeover bid from CVC-backed consortium

Investment platform reveals shock approach from private equity titans

By Justin Cash

and

Kristen McGachey
The Bristol-based broker has become one of the most influential forces in UK retail investing
The Bristol-based broker has become one of the most influential forces in UK retail investing Photo: Dinendra Haria/Getty Images

Hargreaves Lansdown has rejected a surprise takeover offer from a group of private equity heavyweights.

CVC, Nordic Capital and an Abu Dhabi Investment Authority subsidiary had lined up a 985p-per-share offer for the fund supermarket, according to a 22 May statement.

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