Japan's Mizuho to buy majority of India's Avendus from KKR for up to $523 million

Mizuho to Buy KKR-Backed Investment Bank for India Expansion

Mizuho Financial Group Inc. is buying a controlling stake in KKR & Co.-backed investment bank Avendus Capital Pvt, marking the latest bet by a Japanese lender on India’s rapidly expanding financial services sector.

Japan's Mizuho to buy majority of India's Avendus from KKR for up to $523 million

Japan's Mizuho Securities on Wednesday said it will buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR for up to 81 billion yen ($523 million).

Mizuho Financial to buy major Indian investment bank Avendus Capital

Mizuho Financial Group Inc. said Wednesday it will buy Avendus Capital Private Ltd., a major investment bank in India, to strengthen operations in the South Asian country with high growth potential.

Japanese giant Mizuho to acquire majority stake in India's Avendus from KKR

Mizuho Securities is set to acquire a majority stake in Indian investment bank Avendus from KKR. This move will make Avendus a consolidated subsidiary of the Japanese financial group. The acquisition highlights the increasing presence of Japanese financial institutions in India's rapidly growing economy.

Mizuho Securities to acquire majority stake in India’s Avendus Capital

Mizuho Securities, a subsidiary of Mizuho Financial Group, has agreed to acquire more than 60% shares of Avendus Capital, an India-based institutional financial services firm.  Under the agreement, Mizuho will purchase shares from Avendus Capital’s majority shareholder, Redpoint Investments, an affiliate of KKR, along with Avendus co-founder and executive vice chairman Ranu Vohra.  The transaction, which is subject to regulatory approvals, will …