Mizuho Financial Group has agreed to acquire a controlling stake in Avendus Capital for $516 million, marking its largest investment in India to date.
Target Information
Mizuho Financial Group has entered into an agreement to acquire a controlling stake in Avendus Capital, a prominent investment bank in India that is backed by KKR. This acquisition is valued at approximately 47 billion rupees, equivalent to $516 million, for a 78.3% stake in the firm. Mizuho is set to purchase 61.6% from a key shareholder and is actively seeking approval from remaining stakeholders to expand its ownership further.
Founded in 1999, Avendus Capital has established itself as a leader in investment banking, wealth management, and asset management in India. The firm has played a significant role in several of India's largest equity offerings and strategic transactions, showcasing its expertise in a rapidly evolving financial landscape.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in India
India's investment banking sector is characterized by a robust economic growth trajectory, making it an attractive destination for both local and international investors. The country has witnessed a surge in initial public o
Similar Deals
Creative Channel Advertising and Marketing → FM Radio Broadcasting Operations of TV Today Network
2026
Mizuho Financial Group
invested in
Avendus Capital
in 2025
in a Buyout deal
Disclosed details
Transaction Size: $516M
Enterprise Value: $516M
Equity Value: $516M