Hargreaves Lansdown: ADIA, CVC, and Nordic Capital successfully complete acquisition
Deal News | Apr 01, 2025 | White & Case
White & Case LLP provided advisory services to a group of private credit funds and investment banks. The advisory played a crucial role in a significant acquisition facilitated by a consortium of ADIA, CVC Capital Partners, and Nordic Capital. The consortium engineered a takeover of Hargreaves Lansdown plc, a prominent UK financial services company, in a transaction that resulted in the delisting of the target firm from the London Stock Exchange on March 25, 2025. As part of the transaction, a substantial senior secured unitranche financing was arranged by private credit lenders, and White & Case counselled on both this and the related revolving credit facility arranged by the bank club. Hargreaves Lansdown, recognized for its extensive financial services platform, serves over 1.7 million clients and manages investments exceeding 120 billion pounds. Key legal advice was directed by partner Gareth Eagles with support from White & Case colleagues in London, Dubai, and New York.
Sectors
- Financial Services
- Private Equity
- Legal Services
Geography
- United Kingdom – Hargreaves Lansdown is headquartered in the UK and is a major UK financial services platform.
- United Arab Emirates – ADIA, a member of the acquiring consortium, is based in Abu Dhabi, UAE.
Industry
- Financial Services – Hargreaves Lansdown is a UK-based financial services company specializing in private investment management.
- Private Equity – The acquisition of Hargreaves Lansdown was carried out by a consortium of private equity firms including CVC Capital Partners and Nordic Capital.
- Legal Services – White & Case LLP provided legal advisory services for the transaction, highlighting the role of legal expertise in M&A activities.
Financials
- 120 billion – The amount of investments managed by Hargreaves Lansdown for its clients.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hargreaves Lansdown plc | Target company | Company | A leading UK financial services platform providing investment services to private investors. |
| ADIA, CVC Capital Partners, and Nordic Capital | Bidding Company/Buyer | Company | A consortium of private equity investors involved in the acquisition of Hargreaves Lansdown plc. |
| White & Case LLP | Legal Adviser | Company | A global law firm that advised lenders on the senior secured financing supporting the acquisition. |
| Gareth Eagles | Lead Partner at White & Case | People | Lead partner from White & Case on the transaction, ensuring successful deal closure. |