The deal is equivalent to £5.4 billion. The firm was established in Bristol in 1981 by Peter Hargreaves and Stephen Lansdown. The champagne corks will be flying through the air as the founders take stock of what has been an incredible success story. An initial offer in May, which valued the company at £4.7 billion, was rejected. Through June 2024, the stockbroker’s reported earnings and revenues were up 4% respectively. It is believed that the new owners will focus on investment in technology and service enhancement as they look to drive growth. It will mean saying Au Revoir to the FTSE 100. The suspense, it seems, is over as the Bristol brokerage prepares to embark on a new journey.