Mizuho, KKR Finalise Deal Terms for Stake in Avendus Capital
In a significant move in the Indian financial services sector, Mizuho Financial Group has finalised deal terms to acquire a controlling stake in Avendus Capital, valuing the company at over ₹6,000 crore. This acquisition marks a major strategic investment by the Japanese banking giant in India’s fast-growing investment banking and wealth management market.
Deal Overview
According to sources close to the development, Mizuho will acquire a majority stake in Avendus Capital from KKR & Co., which currently holds a controlling interest in the company. KKR is expected to partially exit its investment while retaining a minority stake, ensuring a continued partnership with Avendus Capital.
The deal, which is likely to be officially announced soon, is expected to provide Mizuho with a strong foothold in India’s financial services market, particularly in wealth management, alternative asset management, and investment banking.
Strategic Importance
Avendus Capital, founded in 1999, has emerged as one of India’s leading financial services firms, offering services across investment banking, wealth management, and private equity. The company caters to high-net-worth individuals, family offices, and institutional investors, making it an attractive proposition for Mizuho’s expansion plans.
For Mizuho, this acquisition is part of a broader strategy to expand its presence in Asia’s high-growth markets. The Japanese financial group has been actively seeking opportunities to strengthen its wealth management and investment banking capabilities in the region.
Financial Impact
The ₹6,000 crore+ valuation of Avendus Capital highlights the firm’s robust growth and market position. The transaction will allow Avendus to leverage Mizuho’s global network, technological expertise, and capital resources to accelerate its expansion in India’s financial services sector.
Industry experts believe that the deal will benefit both parties, with Mizuho gaining a stronger presence in India and Avendus gaining access to international markets and capital.
