Hargreaves Lansdown Enters New Era: £5.4bn Private Equity Takeover Transforms UK’s Largest Investment Platform

Major Ownership Transition

Hargreaves Lansdown, the largest investment platform in the UK based in Bristol, England, has completed its transition from public to private ownership following its acquisition by CVC Capital Partners, Nordic Capital and the Abu Dhabi Investment Authority in March 2025.

The acquisition was executed through Harp Bidco Limited, a newly formed company indirectly owned by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp and Platinum Ivy B 2018 RSC Limited. The scheme became effective following court sanction, with dealings in HL shares suspended from 7:30am on Monday, March 24, 2025.

Leadership Changes and Restructuring

The transition has prompted significant board-level changes, with several directors stepping down, including Alison Platt, Penny James, Andrea Blance, Adrian Collins, Darren Pope, Michael Morley, and John Troiano. Additionally, CFO Amy Stirling has announced her departure, though she will remain during a transition period to ensure continuity and facilitate the handover to her successor.

Business Performance and Market Position

The company continues to maintain its strong market position, managing over £155bn of client savings and investments. Having helped people save and invest since 1981, the company has garnered over 200 awards, including ‘Best Investment App’ and ‘Best for Customer Service’ for 2024.

Future Outlook

The company has been expanding its operations, particularly in fund management, now running 21 proprietary funds worth almost £14 billion. This expansion has been notably rapid, with the in-house range growing by more than a third in the past 18 months. Looking ahead, Peter Hargreaves will maintain his influence in the company’s direction, having nominated himself as a non-executive board member, supported by his 14% shareholding which grants him the power to nominate a director to the board.