Hargreaves Lansdown delisted after the Bidco acquisition, transitioning to private ownership under new investors’ strategic control.
Hargreaves Lansdown delisted after the Bidco acquisition, transitioning to private ownership under new investors’ strategic control.
Hargreaves Lansdown is delisted as the FCA removed it from the Official List. The London Stock Exchange confirmed that the delisting took effect at 8:00 a.m. on March 25, 2025. This marks the end of Hargreaves Lansdown’s public trading under its previous structure. Investors can no longer trade HL shares on the main market.
Consequently, investors can no longer trade HL shares on the main market for listed securities. This move follows the successful completion of the scheme of arrangement for the acquisition of Hargreaves Lansdown by Harp Bidco Limited. The deal, which had been in progress for several months, became effective yesterday, finalizing a significant transition for the financial services company.
Harp Bidco Limited, the acquiring entity, operates as a newly formed company under the ownership of CVC Private Equity Funds, Nordic Capital XI Delta, and Platinum Ivy B 2018 RSC Limited. These investors strategically collaborated to finalize the acquisition and bring Hargreaves Lansdown under their control.
The journey toward this acquisition began on August 9, 2024, when HL Independent Directors and Bidco’s board of directors publicly announced an agreement on the terms of a final cash acquisition. The deal encompassed the entire issued and to-be-issued ordinary share capital of Hargreaves Lansdown.
After securing the necessary approvals and fulfilling all conditions, the transaction successfully reached completion. As a result of the acquisition, Hargreaves Lansdown now operates under the ownership of Harp Bidco Limited and its associated investors. With the removal of HL shares from public trading, shareholders have officially exited their positions, marking the conclusion of Hargreaves Lansdown’s time as an independently listed company.
The company’s leadership is now transitioning under Bidco’s oversight, paving the way for potential strategic shifts and operational adjustments in the future. This development highlights the ongoing trend of major financial firms undergoing buyouts by private equity groups.
Investors in Hargreaves Lansdown have now received their payouts as per the acquisition terms, while the new owners take control of the company’s direction. With this transition complete, market participants will closely watch for any changes in business strategy or operational restructuring under the new ownership.
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