Marketing Newscast

(Edited 27 August 2024)

Hargreaves Lansdown has agreed to a £5.4 billion takeover by private equity suitors, giving hundreds of millions of pounds to its billionaire founders. Hargreaves Lansdown becomes the latest company to leave the London stock market, joining a growing list of companies exiting the FTSE 100 index to private takeovers and rival financial hubs. 

Shareholders will have the option of either taking a payout or rolling their shares into the private business. The announcement on Friday confirmed that Hargreaves would take only 50% of his shares into the new venture, resulting in an estimated £535 million payout. Lansdown will sell all of his shares for £308 million. 

Hargreaves Lansdown was founded in 1981 by Peter Hargreaves and Stephen Lansdown. The company rapidly grew by offering individuals low-cost access to funds, stocks and shares. The company has around 1.9 million clients and £155.3bn in assets under management.