M&A Deal Summary

Nordic Capital, CVC Capital Partners and ADIA Acquire Hargreaves Lansdown

On March 25, 2025, private equity firm Nordic Capital, private equity firm CVC Capital Partners and sovereign wealth fund ADIA acquired financial services company Hargreaves Lansdown

Acquisition Highlights
  • This is Nordic Capital’s 10th, CVC Capital Partners’ 17th and ADIA’s 1st transaction in the Financial Services sector.
  • This is Nordic Capital’s 9th, CVC Capital Partners’ 61st and ADIA’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-03-25
Target Hargreaves Lansdown
Sector Financial Services
Buyer(s) Nordic Capital
CVC Capital Partners
ADIA
Deal Type Going Private

Target

Hargreaves Lansdown

Bristol, United Kingdom
Hargreaves Lansdown is a helper of investors to make more of their investments by providing information, service and the best prices. They are a fund supermarket, a fund manager, a discount broker, a stockbroker, a pensions specialist, an annuity specialist, a wealth manager and a financial adviser. In other words, a one-stop shop. Hargreaves Lansdown was founded in 1981 and is based in Bristol, United Kingdom.

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Buyer(S) 3

Buyer

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 141 of 142
Sector: Financial Services M&A 10 of 10
Type: Going Private M&A Deals 8 of 8
Country: United Kingdom M&A 9 of 9
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Anaqua

Boston, Massachusetts, United States

Anaqua is a provider of integrated, end-to-end innovation and intellectual property management software (IPMS) solutions. Anaqua was founded in 2004 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-21 Arcadia

Boston, Massachusetts, United States

Arcadia transforms diverse data into a unified fabric for health. Arcadia's platform delivers actionable insights for our customers to advance care and research, drive strategic growth, and achieve financial success. Arcadia was founded in 2002 and is based in Boston, Massachusetts.

Buy -
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 327 of 328
Sector: Financial Services M&A 17 of 17
Type: Going Private M&A Deals 16 of 16
Country: United Kingdom M&A 61 of 61
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-13 Ethniki Insurance

Athens, Greece

Ethniki Insurance is a provider of mortgage services throughout the nation. Ethniki Insurance is based in Athens, Greece.

Sell €600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 Alvogen

Pine Brook, New Jersey, United States

Alvogen is a multinational pharmaceuticals company focused on developing, manufacturing, and distributing generic, brand, over-the-counter brands (OTC), and biosimilar products. Alvogen was founded in 2009 and is based in Pine Brook, New Jersey.

Sell $2.0B
Buyer

ADIA


Category Sovereign Wealth Fund
Founded 1976
PE ASSETS 875.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund that invests the Emirate of Abu Dhabi’s surplus revenues for long-term global value creation. Its investment mandate spans a highly diversified portfolio—including equities, fixed income, private equity, real estate, infrastructure, and financial alternatives—across all major regions worldwide. ADIA was established in 1976 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 15 of 17
Sector: Financial Services M&A 1 of 1
Type: Going Private M&A Deals 4 of 5
Country: United Kingdom M&A 3 of 3
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 Galderma

Zug, Switzerland

Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-09 Alvest

Paris, France

Alvest designs, manufactures, and distributes technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest was founded in 2006 and is based in Paris, France.

Buy -