Court approves Hargreaves Lansdown acquisition by Harp Bidco, finalizing regulatory steps before delisting from the London Stock Exchange.
Court approves Hargreaves Lansdown acquisition by Harp Bidco, finalizing regulatory steps before delisting from the London Stock Exchange.
The acquisition of Hargreaves Lansdown by Harp Bidco Limited, a company indirectly owned by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp, and Platinum Ivy B 2018 RSC Limited, has moved forward with court approval. Today, HL and Bidco confirmed that the Court has sanctioned the Scheme, allowing the acquisition to proceed.
With this approval, the deal now awaits the final step: the delivery of the Court Order to the Registrar of Companies. This will take place on March 24, 2025, marking the official completion of the transaction. Meanwhile, the authorities have scheduled the Scheme Record Time for 6:00 p.m. on March 21, 2025, when CREST will disable transactions related to HL Shares. Additionally, the authorities have submitted applications to suspend and remove HL Shares from the London Stock Exchange’s main market.
The authorities will suspend HL Shares on the Official List and halt their trading on the Main Market starting at 7:30 a.m. on March 24, 2025. Investors will have until March 21, 2025, to finalize any dealings or transfer registrations. Once the Scheme is implemented, HL Shares will officially be delisted. If the acquisition proceeds as expected, the removal of HL Shares from the Official List and their trading suspension will take effect from 8:00 a.m. on March 25, 2025. This step will formally end HL’s presence on the stock exchange under its existing structure.
The regulatory approval process has also been smooth, with the UK Financial Conduct Authority (FCA) granting its approval on February 28, 2025. This milestone reinforced confidence in the transaction’s compliance with financial regulations.
Investors and market analysts continue to monitor the acquisition’s final stages, anticipating its impact on HL’s future operations. The deal reflects ongoing consolidation trends within the financial services sector as private equity firms seek strategic investments in well-established institutions. With the final court procedures nearly complete, HL will undergo a significant transformation under its new ownership.
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