Broadridge Financial Solutions, Inc. (NYSE:BR) entered into an agreement to acquire FundsLibrary Limited from Hargreaves Lansdown plc (LSE:HL.) and Stuart Louden for approximately $69 million.

Broadridge Financial Solutions, Inc. (NYSE:BR) entered into an agreement to acquire FundsLibrary Limited from Hargreaves Lansdown plc (LSE:HL.) and Stuart Louden for approximately $69 million on January 20, 2020. The consideration is net of cash acquired and subject to normal closing adjustments. The acquisition is subject to the satisfaction of customary closing conditions and is expected to close in mid- to late-February.

Grant Thornton UK LLP acted as lead financial advisor to Hargreaves Lansdown plc. Paul lewis of Squire Patton Boggs (US) LLP acted as legal advisor to Broadridge Financial Solutions. Osborne Clarke LLP acted as legal advisor to Hargreaves Lansdown plc and Stuart Louden.