Japan’s leading financial institution Mizuho Financial Group has acquired a controlling stake in Indian investment bank Avendus Capital from US-based private equity firm KKR, marking one of the most significant cross-border investment banking deals in India in recent years.
The transaction values Avendus Capital at approximately $523 million (around ₹4,700 crore) and has been executed through Mizuho Securities, a subsidiary of Mizuho Financial Group. The deal is subject to regulatory approvals.
Key Details of the Deal
- Mizuho has acquired a 61.6% to 78.3% controlling stake in Avendus Capital
- The stake has been purchased from Redpoint Investments, an affiliate of KKR
- The transaction is pending regulatory clearances
- Avendus will continue to operate as an independent brand
- The existing leadership team will remain in place
The companies clarified that there will be no immediate changes to Avendus’ management structure or day-to-day operations.
About Avendus Capital
Founded in 1999, Avendus Capital is one of India’s leading financial services firms.
The company operates across multiple business segments, including:
- Investment banking (M&A advisory and capital markets)
- Wealth management
- Asset management
- Corporate finance and structured products
Avendus has advised on several high-profile IPOs, mergers, and fundraising transactions in India over the years.
About Mizuho Financial Group
Mizuho Financial Group is one of Japan’s largest financial conglomerates, offering services in:
- Corporate and investment banking
- Capital markets
- Asset management
The group has a global presence across more than 100 countries and has been steadily expanding its footprint in fast-growing markets such as India.
Why KKR Exited
KKR first invested in Avendus Capital nearly nine years ago. During this period, Avendus significantly expanded its operations and strengthened its position in India’s investment banking sector.
Industry experts view this transaction as a successful exit for KKR, delivering strong returns on its long-term investment.
Why the Deal Matters
The acquisition is seen as strategically important for several reasons:
- It signals growing foreign investor confidence in India’s financial services sector
- It highlights the increasing interest of Japanese financial institutions in India
- It strengthens India–Japan economic and financial cooperation
- Avendus gains access to Mizuho’s global network and capital resources
What Lies Ahead
Following the completion of the deal, Avendus is expected to:
- Strengthen its cross-border M&A advisory capabilities
- Expand access to global capital markets for Indian clients
- Increase competitiveness in India’s investment banking space
The company has indicated that no major operational changes are planned in the near term.
Outcome
Mizuho Financial Group’s acquisition of a controlling stake in Avendus Capital represents a major milestone for India’s investment banking industry. The deal underlines India’s growing importance in global financial markets and reinforces the country’s position as a key destination for long-term foreign investment.
Source: Mizuhogrourp news
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