Mizuho Financial Group To Acquire 60% Stake In Avendus Capital

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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

Japan’s Mizuho Securities is acquiring a majority stake of about 60% in Avendus Capital from US-based…



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Mizuho Financial Group To Acquire 60% Stake In Avendus Capital


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

Japan’s Mizuho Securities is acquiring a majority stake of about 60% in Avendus Capital from US-based…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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