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Mizuho to buy controlling stake in KKR-backed Avendus

privateequitywire

5 months ago

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Mizuho Financial Group, Japan’s third largest banking group, has agreed to acquire a controlling stake in Avendus Capital, the India-focused investment bank backed by private equity firm KKR, according to a report by Bloomberg.
JMizuho has reportedly reached an agreement with a major shareholder to purchase 61.6% of Mumbai-based Avendus, and is seeking approval from remaining shareholders to lift its holding to 78.3%. The total consideration for the transaction is expected to be around INR47bn (...

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