A final offer has been accepted to buy one of the West Country’s biggest financial firms.
Bristol’s Hargreaves Lansdown has reached an agreement on a takeover bid from a consortium of private equity investors, worth £5.4bn.
The consortium is comprised of CVC, Nordic Capital and Platinum Ivy, which is owned by the Abu Dhabi Investment Authority.
Hargreaves Lansdown employs about 2,400 people, most of whom work in its flagship offices at Bristol’s harbourside. The consortium has committed to keeping the main HQ in the city.
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