The independent directors of Hargreaves Lansdown plc (LON:HL) and the board of directors of Harp Bidco Limited announce that they have reached agreement on the terms and conditions of a recommended final cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of HL.
Harp Bidco Limited is a newly formed company to be indirectly owned by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp (acting through its general partner, Nordic Capital XI Delta GP SARL) and Platinum Ivy B 2018 RSC Limited.
Under the terms of the Acquisition, each HL Shareholder will be entitled to receive for each HL Share 1,140 pence in cash comprised of:
- cash consideration of 1,110 pence per HL Share (the “Cash Consideration”); and
- a…
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