A consortium of private equity buyers, including CVC Advisers and the Abu Dhabi Investment Authority (ADIA), has confirmed it is considering a possible offer for UK retail investment platform Hargreaves Lansdown. Despite this, Hargreaves Lansdown has rejected a £4.6 billion takeover offer from the consortium. The company's shares have jumped following the news. Peter Hargreaves, the biggest shareholder and one of the company's founders, is reportedly open to taking the company private. The board of Hargreaves Lansdown cited the proposed offer's undervaluation as a reason for the rejection. The consortium had initially proposed a £4.7 billion ($6 billion) offer. The takeover bid has brought British wealth managers into the spotlight, highlighting the interest of private equity in the sector.