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Private equity consortium secures additional lenders for Hargreaves Lansdown take-private deal
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Harp Bidco, a newly formed entity created by the consortium to carry out the deal, said in a stock exchange notice today (20 September) that four firms had agreed to provide a £1.75bn senior term loan on 2 August. These included private credit giants HPS Investment Partners, KKR Credit Advisors, Apollo Global Management, and Blackstone Credit. Hargreaves Lansdown agrees to £5.4bn PE takeover offer The loan would help fund the consortium's £5.4bn takeover offer for the investment platform, which was accepted by the board on 9 August and is pending approval by shareholders. On Th...
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Read more on investmentweek.co.ukAbout this in other media
Hargreaves Lansdown sets date for shareholders to approve £5.4bn takeover deal investmentweek.co.uk /1 month ago
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