British investment platform Hargreaves Lansdown has agreed to a takeover offer equivalent to $6.9 billion by a group of investors including CVC Group. Abu Dhabi’s sovereign wealth fund and private equity investor Nordic Capital are also part of the consortium, which said this offer was final. Bristol, United Kingdom-based Hargreaves was advised by a Freshfields Bruckhaus Deringer team led by partners Claire Wills and Stephen Hewes. A Macfarlanes team led by Harry Coghill advised Peter Hargreaves, the co-founder and largest shareholder of Hargreaves, while Kirkland & Ellis advised Harp Bidco Limited, a bidco to be financed by the consortium of CVC, Nordic and Platinum Ivy, with a team including partners Peter Abbott, Dipak Bhundia and Chris Connolly. Luxembourg-based CVC was advised by a Latham & Watkins team led by London corporate partners Kem Ihenacho, Doug Abernethy and Suneel Basson-Bhatoa.
Investment Firms
August 12, 2024, 2:07 PM