Hargreaves Lansdown says it will accept private equity buyout offer

Investment fund supermarket has been offered 11.40 a share by trio of international investors

British investment fund supermarket Hargreaves Lansdown has said it will accept a proposed offer from a trio of private equity investors, meaning another of the UK's biggest companies will leave the FTSE 100 index.

In a stock market filing on Tuesday, the company said that US private equity firm CVC, Denmark's Nordic Capital and a subsidiary of the Abu Dhabi Investment Authority (ADIA) had made an offer worth 11.40 a share in cash.