Overview
- Mizuho Securities said it will acquire between 61.6% and 78.3% of Avendus and make the firm a consolidated subsidiary.
- The seller is Redpoint Investments, a KKR affiliate that first took roughly 70% of Avendus around 2015–2016.
- Avendus will retain its brand as founders Gaurav Deepak and Kaushal Aggarwal continue to lead, while co-founder Ranu Vohra will divest and step away after closing.
- The consideration is up to 81 billion yen, or about $523 million, according to Mizuho’s announcement.
- Mizuho frames the deal as bolstering collaboration with its U.S. advisor Greenhill and meeting rising client interest in India, reflecting broader Japanese financial expansion into the market.