07:57 AM EDT, 08/02/2024 (MT Newswires) -- Apollo Global Management ( APO ) and KKR (KKR) are among a group of funds providing a 1.75 billion British pound ($2.2 billion) loan to finance the buyout and delisting of UK-based Hargreaves Lansdown, Bloomberg reported Friday, citing people with knowledge of the matter.

The private credit funds, which also include Blackstone (BX) and HPS Investment Partners, are providing the money to CVC Capital Partners, Nordic Capital and Abu Dhabi Investment Authority unit Platinum Ivy, which made a joint offer to take Hargreaves Lansdown private in a 5.4 billion British pound deal, the people reportedly told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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