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Japan’s third-largest bank, Mizuho, is buying a controlling stake in Mumbai’s Avendus Capital, marking its biggest investment in India to date.
Mizuho Financial Group is one of Japan’s largest global banks, it provides services including traditional banking, stock trading, and wealth management for everyone.Whereas, Avendus Capital is an Indian financial firm that specializes in investment banking, helping entrepreneurs with mergers and acquisitions.
What’s the deal: the deal moves ownership from private equity firm KKR to the Japanese giant.
Mizuho is paying roughly ₹4,700 crore to acquire up to 78.3% of the firm. While KKR and co-founder Ranu Vohra are selling their shares, the current leadership team will stay on to run the show.
Avendus will keep its name but now gets a direct line to Mizuho’s massive global network.
Why it matters: the acquisition will combine Mizuho’s massive global scale in traditional banking and stock trading with the Indian firm's specialized expertise in investment banking and wealth management.
This deal creates a bridge, allowing Mizuho to funnel international capital into India’s high-growth sectors while giving Avendus and its entrepreneur clients direct access to a global institutional network.
