Japan’s Mizuho Financial Group To Acquire 60% Stake In Avendus Capital

by · Inc42

SUMMARY

  • Japan’s Mizuho Securities is acquiring a majority stake of about 60% in Avendus Capital from US-based investment firm KKR for $523 Mn (about INR 4,720 Cr)
  • Avendus cofounder and executive vice chairman Ranu Vohra will also divest his shareholding
  • Post the deal, Avendus Capital will become a subsidiary of Mizuho Securities, while retaining its brand and identity