Nick Train tight-lipped on Hargreaves Lansdown takeover

Shareholders to vote on consortium's £5.4bn bid for Hargreaves Lansdown

Valeria Martinez
clock • 1 min read

Finsbury Growth & Income (FGT) manager Nick Train was quiet on the Hargreaves Lansdown PE takeover deal in the latest Finsbury Growth & Income Fact Sheet.

In the latest update and in a departure from recent months, no mention was made of FGT's seventh largest holding, Hargreaves Lansdown, which last Friday (9 August) accepted a £5.4bn takeover bid from a consortium of private equity firms. In May's FGT factsheet, the manager said the market "should not have been surprised" at the bid put forward in May, as its valuation was "exceptionally low". At the time, the consortium had offered £4.7bn for the UK's largest investment platform, which it rejected. "In our opinion, HL is by no means the only holding in your portfolio whose market valu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Alec Cutler: The swinging pendulum of investor sentiment

Alec Cutler: The swinging pendulum of investor sentiment

Exploring how investors view the ever-changing energy market

Alec Cutler
clock 05 February 2025 • 4 min read
FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read
Partner Insight:  Future-proofing your business:  The case for investment outsourcing

Partner Insight: Future-proofing your business: The case for investment outsourcing

Schroders' Jamie Fowler and Philip Chandler explain why outsourcing is a proactive strategy that can transform your advisory business.

Schroders
clock 31 January 2025 • 2 min read