ADIA, CVC make a play for Hargreaves: A consortium comprising the Abu Dhabi Investment Authority (ADIA) and CVC Advisers are mulling another offer for British investment platform Hargreaves Lansdown after it rejected their earlier GBP 4.6 bn bid, Reuters reports. The company said the earlier bid “substantially undervalues Hargreaves Lansdown,” according to a statement picked up by Bloomberg. The platform has some GBP 150 mn in assets under management.

The details: Hargreaves’ board rejected a 985 pence per share bid from the consortium on April 26, according to a disclosure. The consortium said it was considering another bid for the company and has until 19 June to withdraw its initial bid or make another one, the Telegraph reported.

Market reax: Hargreaves’ share price closed up 4.95% yesterday at 979 pence following the news.

ALSO- Are CVC and ADIA also in talks to acquire DB Schenker’s logistics unit? A consortium led by CVC Capital Partners and Carlyle Group submitted a bid valuing the company at EUR 14 bn, and are in talks to team up with ADIA and Singapore wealth fund GIC for the acquisition, sources told Bloomberg.

There’s a queue: European logistics giants DSV, AP Moeller-Maersk A/S and MSC have also made offers, the people said, but the consortium is reportedly more “aggressive” in terms of pricing. Abu Dhabi sovereign wealth fund ADQ was also reportedly vying for a bid, as was Saudi shipping firm Bahri.

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